The principal-agent problem:
A. arises from an imbalance of information.
B. is caused by the principal having imperfect information about the agent.
C. is caused by the principal being unable to perfectly observe the actions of the agent.
D. All of these statements are true.
D. All of these statements are true.
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What is the main reason behind the disparity in the growth rates of South Korea and North Korea over the last sixty years?
What will be an ideal response?
The demand for a monopoly's output is p = 100 - Q. The firm's production function is Q = 2L. Which of the following is the firm's demand for labor?
A) w = 200 - 8L B) w = 200 - 4L C) w = 100 - L D) w = 2L
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A) its shutdown point. B) its breakeven point. C) a short-run profit. D) a loss.