MANAGERIAL ECONOMICS
5th Edition
ISBN: 9781337106658
Author: FROEB
Publisher: CENGAGE L
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Chapter 21, Problem 1MC
To determine
Principal agent relationship.
Expert Solution & Answer
Explanation of Solution
The work is assigned by the laptop owner. Thus, the laptop owner is the principal and the person who gets the job from the principal is an agent. Thus, option ‘c’ is correct.
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