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

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In a team setting where revenue is split equally, the cost of shirking (not working as hard) for an individual is lower than it would be if the individual worked alone. This is because the individual can reduce their effort but still receive an equal share of the revenue generated by the team, thus spreading the cost of their reduced effort across all team members.

There Is a Monitorless Team (Firm) of 10 Persons