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1.Which of the following conditions would an ideal contract satisfy? Select all that apply. i) It would induce profit (for the principal) maximizing behavior ii)
1.Which of the following conditions would an ideal contract satisfy? Select all that apply.
i) It would induce profit (for the principal) maximizing behavior ii) It would generate no externalities iii) It would minimize costs iv) It would ignore or eliminate the principal's risk aversion
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