Question: [elated to Solved Problem 8.2 on page 290] Briefly explain whether you agree with the following argument: The separation of ownership from control in large

[elated to Solved Problem 8.2 on page 290] Briefly explain whether you agree with the following argument:

“The separation of ownership from control in large corporations and the principal–agent problem mean that top managers can work short days, take long vacations, and otherwise slack off.”

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