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Mairoon Mairoon
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6 years ago
In the presence of asymmetric information, a piece-rate contract
A) achieves production efficiency.
B) can lead to agents producing more output than would occur under a fixed-rent-paid-to-the-principal contract.
C) is impossible to write.
D) will result in the principal earning all of the profit.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
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LBCeaLBCea
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Mairoon Author
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#2
5 years ago
Perfect
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