The problem with partnerships, generally, has been that they don't have limited liability.

通常合伙制企业的问题是,合伙人具有无限责任

耶鲁公开课 - 金融市场课程节选

The general partner is typically the organizer of the partnership.

普通合伙人往往就是,合伙制企业的组织者

耶鲁公开课 - 金融市场课程节选

So let me rephrase, are these people, are these pair of partners in the firm, or two students working on their homework assignments, are they working more or less than an efficient level?

让我换个表达方式吧,这些企业合伙人,或者两个共同协作做作业的同学,他们是否实现了最优效率了呢

耶鲁公开课 - 博弈论课程节选