11. Recall the last time you ate at an expensive restaurant where you paid the bill. Now...

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11. Recall the last time you ate at an expensive restaurant where you paid the bill. Now think about the last time you ate at a similar restaurant, but your parents paid the bill.

Did you order more food (or more expensive food) when your parents paid? Explain how this relates to the agency problem in corporations.

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Fundamentals Of Corporate Finance

ISBN: 9780134475561

4th Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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