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Because information is expensive to acquire: Part 2 A . monitoring managers gives rise to costly state verification B . developing nations do not rely
Because information is expensive to acquire:
Part
A
monitoring managers gives rise to costly state verification
B
developing nations do not rely heavily on banks for business financing
C
government regulations, such as standard accounting principles, have no impact on problems such as moral hazard
D
equity contracts are used much more frequently to raise capital than are debt contracts
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