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Explain principal-agent problem. Using the Maxim Palace, one of the largest Chinese restaurants in Hong Kong, identify and explain ONE possibleprinciple- agent problem at two

Explain principal-agent problem. Using the Maxim Palace, one of the largest Chinese restaurants in Hong Kong, identify and explain ONE possibleprinciple- agent problem at two different organisational levels that it could encounter with examples. Explain how the Maxim Palace could be adversely affected by two identified principal-agent problems. Suggest and explain ONE possible solution for each of the identified problems.

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