Archaeologist T

question 115

Multiple Choice

Archaeologist T. Douglas Price estimates that individual cultural regions or territories in the Upper Paleolithic of northern Europe cover areas of about 100,000 km². Compared to this, individual cultural regions in the Mesolithic of northern Europe are:

• A) about half as big (50,000 km²)
• B) twice as large (200,000 km²)
• C) one tenth the size (10,000 km²)
• D) one one-hundredth the size (1,000km²)

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Definitions:

Annual Profit

The total earnings a business has after subtracting all expenses over a year.

Dominant Strategy

A strategy in game theory that is best for a player, regardless of the strategies chosen by other players.

Equilibrium Outcome

The point at which market supply and demand balance each other, and, as a result, prices become stable.

Mixed Strategies Equilibrium

is a concept in game theory where each player in a game chooses a combination of actions and their associated probabilities to maximize their utility under uncertainty.