This is a tricky question. We all know Tom is the busiest person.
But the correct expression is: Tom is busier than Tim or Chip. You really can't say Tom is busier than Tim and Chip...does it mean Tim and Chip combined?
Take another example. Tom makes $100,000 a year. Tim makes $80,000. Chip $50,000. Then you would say "Tom makes more money than Tim or Chip." It is als