Displayed below is the payoff matrix of firm B for four different strategies, B1, B2, B3, and B4, and the potential retaliatory responses of firm A (A1, A2, A3, A4).Table 12-2
?
B1
B2
B3
B4
A1
100
50
25
200
A2
10
60
150
150
A3
50
75
200
75
A4
70
90
250
15
If firm B uses the maximin criterion, which strategy will it choose?
?

A. B1
B. B2
C. B3
D. B4

Answer: B