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SHABBA027 SHABBA027
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2 months ago

The Alchian and Demsetz theory of why business firms exist suggests that



there are only advantages to team production.



disadvantages of team production may outweigh the disadvantages of individual production.



individual production is more efficient than team production.



the sum of team production is sometimes greater than the sum of individual production.

Textbook 
Economics

Economics


Edition: 12th
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Quiera730Quiera730
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the sum of team production is sometimes greater than the sum of individual production.



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