Multiple Choice
Which of the following situations would prompt individuals to try to form a team (firm) , according to Alchian and Demsetz.
A) 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.
B) 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.
C) 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.
D) Jones produces more working alone than Smith or Brown produce working alone.
E) Jones produces more working as a member of a team than Smith or Brown produce working as a member of a team.
Correct Answer:
Verified
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