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.

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.

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter22: Getting Divisions To Work In The Firm’s Best Interests

Section: Chapter Questions

Problem 6MC

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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.

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