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    Managerial Economics Study Set 1
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    Exam 10: Incentive Conflicts and Contracts
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    Designing Efficient Contracts Are Costly When
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Designing Efficient Contracts Are Costly When

Question 28

Question 28

Multiple Choice

Designing efficient contracts are costly when:


A) there is perquisite involved.
B) there is complete information.
C) there is asymmetric information.
D) there is an agency relationship.

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