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Question: If your instructor is an agent, who is (are) the principal(s)? Do not say "the university," because there is no such identifiable individual. If you think it is the students, explain why. If not the students, who? Do you have any evidence that agents like your instructor sometimes act opportunistically, in ways the principals do not want to them to?

Microeconomics, Economics

  • Category:- Microeconomics
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