Generally Speaking, a Site Is

question 9

Multiple Choice

Generally speaking, a site is:

• A) The same as a venue
• B) An outdoor space
• C) A description of visual impact
• D) Related to sight lines

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Definitions:

Optimal Strategy

Strategy that maximizes a player’s expected payoff.

Auctioned

A method of sale where goods or services are sold to the highest bidder.

Highest Bidder

The individual or party that offers the most money for an item in an auction or competitive bidding situation.

Consumer Surplus

Difference between what a consumer is willing to pay for a good and the amount actually paid.