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Suvok Suvok
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6 years ago
The Chief Executive Officer (CEO) of a corporation is hired by the board. The objective of the corporation is to maximize profits; but the hidden agenda of the CEO is to maximize market share. The problem that results from this situation is:
A) the principal-agent problem
B) the moral hazard problem
C) the adverse selection problem
D) the lemon problem
Textbook 
Microeconomics

Microeconomics


Edition: 2nd
Author:
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6 years ago
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