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For the remaining parts, assume that Agent 2 is highly altruistic, y : l. e) Repeat parts (a)(c) for the case 1: = 1. What

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For the remaining parts, assume that Agent 2 is highly altruistic, y : l. e) Repeat parts (a)(c) for the case 1: = 1. What effort levels 8* and (3* do the agents choose given the principal's choice of b and B ? l 2 f) You should have found from (e) that agent 1 does not exert effort because the principal does not provide any incentives to motivate agent 1: e = 0 and bi: = 0. Explain, in words, why the principal chooses not to motivate agent 1 when agent i is highly altruistic

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