Managerial Economics (MindTap Course List)
Managerial Economics (MindTap Course List)
4th Edition
ISBN: 9781305259331
Author: Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher: Cengage Learning
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Chapter 20, Problem 8MC

Restrictive covenants on loans are used to avoid

  1. a. moral hazard.
  2. b. adverse selection.
  3. c. free riding.
  4. d. none of the above.
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