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c) Calculate the incentive strengths 5* and B; that the principal optimally offers Agent L (Hint: because only Agent 1 chooses whether to accept, the

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c) Calculate the incentive strengths 5* and B; that the principal optimally offers Agent L (Hint: because only Agent 1 chooses whether to accept, the usual trick for simplifying the principal's op timization problem applies only to Agent 1, not to Agent 2.)

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