What is the tragedy of the commons?

a. the tendency for a common resource to be overused.

b. the tendency for a common resource to be underprovided.

c. the tendency for a public good to be overused.

d. the tendency for firms to charge high prices.

e. the tendency for the government to provide goods and services?

In business,what would be the input, conversion and output of operating a summer band camp

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided

For a firm that uses the weighted average method of process costing, which of the following must be true? (a) physical units can be greater than or less than equivalent units. (b) physical units must be equal to equivalent units. (c) equivalent units must be greater than or equal to physical units. (d) physical units must be greater than or equal to equivalent units.