Answer:
Tragedy of the Commons
Explanation:
The tragedy of the commons refers to a situation where the individual could access to the resources that are shared for their own interest.
So it is the market situation where the participant expolited the resources also there is no limited for accessing the resources
So the above term should be considered for the given situation
Answer: D. Product costs are expensed in the period the related product is sold
Explanation:
The statement that is true with regards to product cost is that product costs are expensed in the period the related product is sold.
It should be noted that the account for the cost of goods sold consist of product cost. In a situation whereby goods are not sold, the goods will be carried to the next period.
Individual actions becuase its not the fault of the food marketing they only sell food for you and you decide what to buy there
Answer:
people start black market for selling soup and delivering soup
Explanation:
we know here in winter due to snow highway is close so no transportation and if store will close than demand will be increase and supply will reduce
and if government reduce instant price up to 5 time for a short period than
i think people will try to stock it because there was a great demand and supply is very less than people start black market for selling soup and delivering soup
