In the article "Co-op Economics" by Nancy Folbre, we read about the potential benefits and difficulties associated with cooperative firms.

 In the article "Co-op Economics" by Nancy Folbre, we read about the potential benefits and difficulties associated with cooperative firms. Imagine your friend Lucy is planning to start a gardening cooperative in the neighborhood with her childhood friends, and since you took an economics class she wants your advice. Using information from the reading, explain to Lucy what two potential difficulties are with starting a cooperative compared to a profit led firm, and what are two potential benefits? Explain!