(Asymmetric Information) Define asymmetric information. Distinguish between hidden characteristics and hidden actions. Which type of asymmetric information contributes to the principal-agent problem?
Please answer the below questions all answers must be original No Plagiarism cannot use internet answers You must provide a plagiarism report DUE TODAY 5/29/2016 6:00 P.M. PACIFIC TIME ZONE 18:00 EASTERN TIME ZONEMUST DELIVER ONTIME NO ROOM FOR LATE DELIVERY1. (Asymmetric Information) Define asymmetric information. Distinguish between hidden characteristics and hidden actions. Which type of asymmetric information contributes to the principal-agent problem?2. (The Principal-Agent Problem) Discuss the nature of the principal-agent problem. Determine which is the principal and which is the agent in each of the following relationships:a) A- A firm that produces export goods and the export management company that helps market its goods overseasb) B.-The management of a firm and its stockholders3. (Securities Exchanges) What role do securities exchanges play in financing corporations?4. Although the article is dated, please read Jane Katz, “Who Should Be in Charge,†in the Federal Reserve Bank of Boston’s Regional Review at.bos.frb.org/economic/nerr/rr1997/fall/katz97_4.htm”>http://www.bos.frb.org/economic/nerr/rr1997/fall/katz97_4.htm. What are some of the issues in
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