Explain briefly how different goals and incentives
The principle agent relationship
Give an example of a principal agent relationship in a bussiness also explain briefly how different goals and incentives for the principal and agent can lean to problems for that bussiness.
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Exactly distinguish among the two types but knows the probablities of each type. In this market for loans what would be the result.
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explain briefly how different goals and incentives for the principal and agent can lean to problems for that bussiness.
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