This payoff matrix gives values for strategies S1, S2, and S3 for the Bigg Company and competitive strategies CA1, CA2, and CA3 for the Large Company.From Bigg's point of view, the S3 maximum regret is 1.

Question

Quizplus · Accepted Answer

Maximum regret is defined as the maximum difference between the payoff of a chosen strategy and the maximum possible payoff for that player. 
For Bigg, the maximum regret for S3 would be the difference between the payoff of S3 (which is 4) and the maximum possible payoff (which is 5, obtained by choosing CA3). 
Therefore, the maximum regret for S3 is 1, making statement A true.

This Payoff Matrix Gives Values for Strategies S1, S2, and S3