In light of the principalagent problem, comment on the lack of management layers as one of the

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In light of the principal–agent problem, comment on the lack of management layers as one of the advantages of sole proprietorships. Why could it be a problem for a firm to have two separate individuals as the principal (the owner) and the agent (the manager)?

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Economics

ISBN: 9781292430645

8th Global Edition

Authors: R. Glenn Hubbard, Anthony P. O'Brien

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