Page(s) 232-233 7.3. what are the challenges of providing nonexcludable goods? fill in the blanks to complete the description of common property. drag word(s) below to fill in the blank(s) in the passage. under a system of common property, – leads to – and overuse. the phrase tragedy of the commons has been used to describe this type of situation. monopolyneglectfree-rider ownershipthe incentive structure

Chang corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $595,000, and its net income was $25,000. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.0%. what profit margin would the firm need in order to achieve the 15% roe, holding everything else constant? a. 9.45%b. 9.93%c. 10.42%d. 10.94%e. 11.49%