Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
nakungth nakungth
wrote...
Go to Answer
Posts: 1175
Rep: 3 0
6 years ago
Use the following statements to answer this question:
I.   Based on the principal-agent framework in economics, we know that the lack of incentive compatibility may arise in private firms but not in public agencies or government bureaus.
II.   The key problem in principal-agent situations is the principal's fundamental inability to oversee or supervise the agent.
A) I and II are true.
B) I is true and II is false.
C) II is true and I is false.
D) I and II are false.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 46 times
2 Replies
Replies
Answer verified by a subject expert
CanihCanih
wrote...
#1
Posts: 463
Rep: 13 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

nakungth Author
wrote...
#2
5 years ago
Thanks, very pleased with your answer
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1363 People Browsing
 110 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 315
  
 186
  
 3091
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 352
Previous poll results: Who will win the 2024 president election?