Multiple Choice
Which one of the following strategies chosen by an oligopolist would be classed as a maximin strategy?
A) Choosing the policy whose worst outcome is better than the worst outcomes of all alternative policies
B) Choosing the policy whose worst outcome is better than the best outcome of any alternative policy
C) Choosing the policy whose worst outcome is worse than the best outcome of any alternative policy
D) Choosing the policy whose best outcome is better than the worst outcomes of all alternative policies
E) Choosing the policy whose best outcome is better than the best outcome of any alternative policy
Correct Answer:

Verified
Correct Answer:
Verified
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