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If the managers of both firms are conservative and each follows a maximin strategy, what will be the outcome? The outcome if both managers follow maximin strategies is for
A. Firm 1 to choose high and Firm 2 to choose low.
B. Firm 1 to choose high and Firm 2 to choose high.
C. Firm 1 to choose low and Firm 2 to choose low.
D. Firm 1 to choose low and Firm 2 to choose high.
E. none of the above.
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If the managers of both firms are conservative and each follows a maximin strategy, what will be the...
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