When comparing individual decision making versus group decision making and the criterion for comparison is efficiency, it is proven that decision making is more efficient in the short$-$run, but in the long$-$run decision making may be more efficient. Furthermore, when comparing individual versus group decision making and the criterion for comparison is degree of acceptance, it is proven that decision making results in a higher degree of acceptance.

Question $29$Answer

a$.$

individual; group; individual

b$.$

individual; group; group

c$.$

group; individual; individual

d$.$

group; individual; group