The tragedy of the commons is a widely used model often referred to in discussions about
a. space and ocean exploration.
b. lack of scientific research.
c. air and water pollution.
d. shared natural resources.
d. shared natural resources.
Economics
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What is the return on a 5 percent coupon bond that initially sells for $1,000 and sells for $1,200 next year?
A) 5 percent B) 10 percent C) -5 percent D) 25 percent
Economics
If a monopolist can sell 7 units when the price is $4 and 8 units when the price is $3, then the marginal revenue of selling the eighth unit is equal to
a. $3. b. $4. c. $24. d. -$4.
Economics