Bundle: Managerial Economics, 4th + Mindtap Economics, 1 Term (6 Months) Access Code
4th Edition
ISBN: 9781305618572
Author: Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher: Cengage Learning
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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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Chapter 21 Solutions
Bundle: Managerial Economics, 4th + Mindtap Economics, 1 Term (6 Months) Access Code
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