Explain what separation of ownership and control of the modern corporation means. How is this situation a

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Explain what "separation of ownership and control" of the modern corporation means. How is this situation a principal-agent problem?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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