A firm wishes to choose the location for a new factory. Profits obtained will depend on whether a new railroad spur is constructed to serve the town in which the new factory will be located. The following payoff table summarizes the relevant information:

Determine the location that should be chosen if the firm uses
a. The maximin criterion.
b. The maxima criterion.

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New Railroad Spur Built No New Railroad Spur $14 Alternatives Location A Location B Location C 2 4 10