Question: 3 (10 points) (a) Assume that your car has problems with the transmission, and you take it to a mechanic. Is there a principal -agent

3 (10 points) (a) Assume that your car has problems with

3 (10 points) (a) Assume that your car has problems with the transmission, and you take it to a mechanic. Is there a principal -agent problem between you and the mechanic? Please give an explanation. (b) If you hire a real estate agent to sell your house, is there a principal agent problem between you and the real estate agent? Please explain

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