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managers won't work for the owners unless it's in their best interest. The agency problem is a result of the separation between the decision makers
managers won't work for the owners unless it's in their best interest. The agency problem is a result of the separation between the decision makers and the owners of the firm. As a result managers may make decisions that are not in line with the goal of maximization of shareholder wealth. What might be some difficulties involved with the ultimate goal of a firm you identified above and the agency problem?
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