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* [http://www.edegan.com/wiki/index.php/Holmstrom_%281999%29_-_The_Firm_As_A_Subeconomy Holmstrom (1999), Firm as Subeconomy], not on reading list.
<b>Question 1. </b>
<b>Notes about assumptions</b>:
(a) <b>My answer, assuming that some shares can be different</b>.
 
 
(b) <b>My answer, assuming that all shares must be equal</b>.
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