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(Table: Firms 1 and 2 II) the Payoffs Are Profits

Question 42

Multiple Choice

(Table: Firms 1 and 2 II) The payoffs are profits in millions of dollars. (Table: Firms 1 and 2 II) The payoffs are profits in millions of dollars. If Firm 1 follows a maximin strategy, the outcome of this game is: A) (20 , 20) . B) (8 , 8) . C) (-20 , 15) . D) (-1 , 10) . If Firm 1 follows a maximin strategy, the outcome of this game is:


A) (20 , 20) .
B) (8 , 8) .
C) (-20 , 15) .
D) (-1 , 10) .

Correct Answer:

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