If a firm has established monitoring devices that have a 50
If a firm has established monitoring devices that have a 50% chance of stopping shirking and an employee might gain $5000 from shirking, the employer can deter shirking by having employees post a bond equal to 2500, 5000, 10000 or 50,000
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if a firm has established monitoring devices that have a 50 chance of stopping shirking and an employee might gain 5000
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