a) Explain the concept of a modern agency problem. Discuss whether it can be eliminated. If so, how? If not, why no (500 words) b) There are two types of costs originating from the modern agency problem: direct costs and indirect costs. Define both types and provide an example/scenario depicting each type of cost behind the modern agency problem. (500 words) c) Provide a real life example of a company that has gone bankrupt as a result of the agency problem (except for Enron discussed in class). in Saudi Arab country (250 to 300 words)