$7$

plete

$\backslash$table$[[$Decisions$,\backslash$table$[[$Profit outcomes under different scenarios$],[($states of nature$)]]],[\backslash$table$[[$Demand$],[$increases$]],\backslash$table$[[$Demand$],[$stays same$]],\backslash$table$[[$Demand$],[$decreases$]]],[$Raise price,$100,-20,-60],[$Maintain price,$60,40,10],[$Lower price,$40,20,14]]$

In the table above, a manager has no idea of the probabilities of each profit outcome. Using the maximax criterion for decisions under uncertainty, this manager chooses to

Select one:

a$.$ lower price.

b$.$ raise price.

c$.$ maintain price.

d$.$ do none of these.