Question: Consider the payoff table below, which decision would you recommend when you employ the technique minimum regret STATES OF NATURE ALTERNATIVES Favorable Market Unfavorable Market

Consider the payoff table below, which decision

Consider the payoff table below, which decision would you recommend when you employ the technique minimum regret STATES OF NATURE ALTERNATIVES Favorable Market Unfavorable Market Construct large plant $200,000 -$180,000 Construct small plant $100,000 -$ 20,000 $0 Do nothing $0

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