CONCEPT PRACTICE
Maxi-min principle
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Company A and Company B choose a strategy each from two different strategies, and the benefit for choosing each strategy is predicted as shown in the table below. Which of the following is the benefit that is gained by Company A when both companies choose a strategy on the basis of the maxi-min principle? Here, in each cell of the table, the value on the left is the benefit of Company A and the value on the right is the benefit of Company B. Company B Strategy b1 Strategy b2 Company A Strategy a1 −15, 15 20, −20 Strategy a2 5, −5 0, 0
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Source: FE Vol 2.pdf, PDF page 139, textbook p. 135 · Information-technology Promotion Agency, Japan · First Edition: April, 2015. ID: tb-v2-c1-q16. Publisher answer and commentary · private review.