Consider a firm that is deciding whether to operate plants only in the United States or also
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Assuming the managers of this firm have no idea about the likelihood of congressional action on OINC this year, what decision should the firm make using each of the following rules?
a. Maximax rule
b. Maximin rule
c. Minimax regret rule
d. Equal probability rule
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Related Book For
Managerial Economics Foundations of Business Analysis and Strategy
ISBN: 978-0078021718
11th edition
Authors: Christopher Thomas, S. Charles Maurice
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