Question
D Question 8 The Basic Principle of Value Maximisation: 1 pts O is an application of the gains from trade. O says that contract
D Question 8 The Basic Principle of Value Maximisation: 1 pts O is an application of the gains from trade. O says that contract will be designed to achieve the efficient level of effort. suggests the principal will need to coerce the agent into accepting a contract that increases surplus and agent effort suggests that self-interested parties will typically engage in conflict and surplus destruction. O says that only when parties' interests are inherently aligned that surplus will be maximised.
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