Question: table [ [ , table [ [ Profit outcomes under different scenarios ] , [ ( states of nature ) ] ] ]
tabletableProfit outcomes under different scenariosstates of naturetableDemandincreasestableDemandstays sametableDemanddecreasesRaise price,Maintain price,Lower price,
In the table above, a manager has no idea of the probabilities of each profit outcome. Using the maximin criterion for decisionmaking under uncertainty, this manager chooses to
Select one:
a lower price.
b raise price.
c do none of these.
d maintain price.
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