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NNF1024 NNF1024
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2 months ago

There is a monitorless team (firm) of 10 persons. The 10 persons agree to work together and split the revenue (they earn) equally. In this setting, the cost of shirking to an individual is



▸

higher than it would be if the individual worked alone.



▸

the same as it would be if the individual worked alone.



▸

lower than it would be if the individual worked alone.



▸

necessarily greater than the benefits of shirking.



▸

necessarily less than the benefits of shirking.

Textbook 
Economics

Economics


Edition: 12th
Author:
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avi420avi420
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2 months ago
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lower than it would be if the individual worked alone.
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NNF1024 Author
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Thanks for your help!!
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