The principal$-$agent problem between the manager and an applicant arises because:

Group of answer choices

The applicants know their type and the employer doesn$$t$.$ And, one type of applicants has no incentive to disclose their true type.

Both, the applicant and the employer know their types, but only the employer has the incentive to to disclose their type.

The applicants know their type and the employer doesn$$t$.$ And, applicants will disclose their true type if requested.

The applicants know their type and the employer doesn$$t$.$ And, none of the applicants have the incentive to disclose their true type.