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Please answer Question 14 2 pts The ratchet effect arises from the principal's ______ . As a result, agents have an incentive to _____ .

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Question 14 2 pts The ratchet effect arises from the principal's ______ . As a result, agents have an incentive to _____ . O desire for the agents to increase productivity; shirk O lack of knowledge about workers' true abilities; shirk O inability to precommit to a piece rate; underperform 0 lack of knowledge about workers' true abilities; shirk O desire for the agents to increase productivity; underperform

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