Determine which one of these three portfolios dominates another. Name the dominated portfolio and the portfolio that dominates it$.$ Portfolio Yellow has an expected return of $12$ percent and risk of $21$ percent. The expected return and risk of portfolio Purple are $16$ percent and $25$ percent, and for the Blue portfolio are $17$ percent and $20$ percent.

Portfolio Purple dominates portfolios Yellow and Blue.

Portfolio Yellow dominates portfolios Purple and Blue.

Portfolio Blue dominates portfolios Yellow and Purple.