Question: Question 1 What is the principal - agent problem? principals and their agents have opposing happiness in production principals and their agents have opposing incentives

Question 1
What is the principal-agent problem?
principals and their agents have opposing happiness in production
principals and their agents have opposing incentives in production
principals and their agents have the same incentives in production
principals and their agents have the same cost structure in production
Question 1 What is the principal - agent problem?

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