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    Microeconomics A Contemporary Introduction Study Set 1
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    Exam 14: Transaction Costs, Imperfect Information, and Behavioral Economics
  5. Question
    The Principal-Agent Problem Arises Because of
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The Principal-Agent Problem Arises Because of

Question 5

Question 5

Multiple Choice

The principal-agent problem arises because of


A) natural selection
B) diminishing marginal returns
C) hidden actions
D) the winner's curse
E) hidden characteristics

Correct Answer:

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