In analyzing a parcel of vacant land to estimate its value, what is the first thing necessary to determine:
A: Price at which it should be listed;
B: Price at which it was purchased;
C: Highest and best use of the land;
D: Prices of comparable properties.
Answer: C: Highest and best use of the land;
Business
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In a traditional auction, the winner ______.
is the supplier with the lowest bid is the supplier with the highest bid is the buyer with the highest bid is the buyer with the lowest bid
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The value of the game is the offensive player's gain and the defensive player's loss in a zero-sum game
Indicate whether this statement is true or false.
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