Question: 6. Chapter ma2pe09r, Section .22, Problem 012 (ID: 012.22.MANK09) When new professors are hired, their job performance is monitored closely. If they meet their institution's

6. Chapter ma2pe09r, Section .22, Problem 012 (ID: 012.22.MANK09) When new

6. Chapter ma2pe09r, Section .22, Problem 012 (ID: 012.22.MANK09) When new professors are hired, their job performance is monitored closely. If they meet their institution's standards, they will eventually receive tenure. After receiving tenure, professors' job performance is less closely monitored, and they become difficult to fire. Tenure thus creates Oa. a screening problem. Ob. adverse selection. Oc. a moral hazard problem. Od. a Condorcet paradox. Save & Continue

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