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Differentiate a normative theory from a positive theory. Provide an example of each. One of the waystoreduceagencycosts istoalign an agent's interest with a principal's interest,

Differentiate a normative theory from a positive theory. Provide an example of each. One of the waystoreduceagencycosts istoalign an agent's interest with a principal's interest, because theagency problemarises duetodivergent interests. Do you support this statement? Why? Explain in detail. [ 15 marks]

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