Question: Question 1 (1 point) Saved 4) Listen Consider the following payoff table: Recession No Recession Do Nothing -5 15 Sell Firm 10 10 Increase Debt

Question 1 (1 point) Saved 4) Listen Consider the following payoff

Question 1 (1 point) Saved 4) Listen Consider the following payoff table: Recession No Recession Do Nothing -5 15 Sell Firm 10 10 Increase Debt -10 20 Reduce Workforce 0 5 What should we do based on Maximax? Sell Firm Do Nothing Increase Debt Reduce Workforce

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