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Hglasgow77 Hglasgow77
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3 years ago
In the presence of asymmetric information, a fixed-fee contract

▸ achieves production efficiency.

▸ can lead to opportunistic behavior on the part of the agent.

▸ is impossible to write.

▸ will result in the principal earning all of the profit.
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Managerial Economics and Strategy

Managerial Economics and Strategy


Edition: 3rd
Authors:
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danishlmdanishlm
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3 years ago
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Hglasgow77 Author
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3 years ago
Brilliant ツ
rudy.zondo
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Yesterday
Good timing, thanks!
amandamraz
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2 hours ago
this is exactly what I needed
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