The following payoff table (in thousands of dollars) considers three possible levels of demand in a housing complex.Using the maximax approach, the action taken should be to ________________________ .

A)build a small complex
B)build a large complex
C)build a large complex with high demand
D)build a small complex with low demand
E)do not build any size complex

Question

The following payoff table (in thousands of dollars) considers three possible levels of demand in a housing complex.Using the maximax approach, the action taken should be to ________________________ .

A)build a small complex 
B)build a large complex 
C)build a large complex with high demand 
D)build a small complex with low demand 
E)do not build any size complex

Quizplus · Accepted Answer

The Answer of The following payoff table (in thousands of dollars) considers three possible levels of demand in a housing complex.Using the maximax approach, the action taken should be to ________________________ .

A)build a small complex 
B)build a large complex 
C)build a large complex with high demand 
D)build a small complex with low demand 
E)do not build any size complex

The Following Payoff Table (In Thousands of Dollars) Considers Three