IThe costs under three strategies are shown in the following table:

ALTERNATIVE

FAVORABLE MARKET $($$$)$

UNFAVORABLE MARKET $($$$)$

Strategy $1$

$20,000$

$15,000$

Strategy $2$

$16,000$

$7,000$

Strategy $3$

$12,000$

$10,000$ If a decision maker follows the maximin decision$-$making criterion, what would the best decision be$?$

Question $6$ options:

Strategy $1$

Strategy $2$

Strategy $3$