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Use the Following to Answer the Question(s) Below

Question 22

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Use the following to answer the question(s) below.
Sunny Side Condominiums recently purchased land outside of Toronto and is trying to decide the size complex it should build (large or small) . The following payoff table (in thousands of dollars) considers three possible levels of demand. Use the following to answer the question(s)  below. Sunny Side Condominiums recently purchased land outside of Toronto and is trying to decide the size complex it should build (large or small) . The following payoff table (in thousands of dollars)  considers three possible levels of demand.   -Using the maximax approach, Sunny Side should A)  build a small complex with medium demand. B)  build a large complex. C)  build a small complex with high demand. D)  build a small complex with low demand. E)  build a large complex if demand is high.
-Using the maximax approach, Sunny Side should


A) build a small complex with medium demand.
B) build a large complex.
C) build a small complex with high demand.
D) build a small complex with low demand.
E) build a large complex if demand is high.

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