Merle is a student who believes that since share ownership of corporations is so dispersed, actual control has passed into the hands of managers who run firms on a day-to-day basis. Merle's ideas echo those of:

Question

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Adolf Berle and Gardiner Means in The Modern Corporation and Private Property argued that due to the dispersal of share ownership, control of corporations had shifted from owners to managers. This idea is commonly referred to as the "Berle-Means thesis."

Merle Is a Student Who Believes That Since Share Ownership