Question: a. Give a concrete example of the difference between ownership and governance in organizations. In your example, which form of organization has a higher transaction

a. Give a concrete example of the difference between ownership and governance in organizations. In your example, which form of organization has a higher transaction cost of making decisions?
b. Find a concrete example of a corporation whose managers faced a hostile take-over bid that succeeded. After the take-over, what happened to the managers of the acquired firm?

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