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    Exam 19: Contracts and Moral Hazards
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    The Outcome of the State of Nature Affects the Payoff
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The Outcome of the State of Nature Affects the Payoff

Question 20

Question 20

Multiple Choice

The outcome of the state of nature affects the payoff to the agent under a


A) fixed-fee contract.
B) hire contract.
C) contingent contract.
D) All of the above.

Correct Answer:

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