ABC Inc. must make a decision on its current capacity for next year. Estimated profits $($in $$000$s$)$ based on next year's demand are shown in the table below.

Next Year's Demand

Alternative Low High

Expand $$100$ $$200$

Subcontract $$50$ $$120$

Do nothing $$40$ $$50$

Using the information above, which alternative should be chosen based on the minimax regret criterion?

Question $7$ options:

Do nothing

Subcontract

Expand