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swimchk13 swimchk13
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2 months ago

Which of the following situations would prompt individuals to try to form a team (firm), according to Alchian and Demsetz.



▸

Jones, Smith, and Brown together produce 100 units of good X each day working alone and 90 units of good X each day working together.



▸

Jones, Smith, and Brown together produce 100 units of good X each day working alone and 120 units of good X each day working together.



▸

Jones, Smith, and Brown together produce 100 units of good X each day working alone and 100 units of good X each day working together.



▸

Jones produces more working alone than Smith or Brown produce working alone.



▸

Jones produces more working as a member of a team than Smith or Brown produce working as a member of a team.

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Economics

Economics


Edition: 12th
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goodone14goodone14
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Jones, Smith, and Brown together produce 100 units of good X each day working alone and 120 units of good X each day working together.
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swimchk13 Author
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2 months ago
Thanks
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You make an excellent tutor!
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This site is awesome
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