What is the principal-agent problem? Have you ever worked in a setting where this problem has arisen?

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What is the principal-agent problem? Have you ever worked in a setting where this problem has arisen? If so, do you think increased monitoring would have eliminated the problem? Why don’t firms simply hire more supervisors to eliminate shirking?

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Economics

ISBN: 978-0073375694

18th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

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Question Posted: May 23, 2013 07:47 AM

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What is the principal-agent problem? Have you ever worked in a setting where this problem has arisen?

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Economics

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