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Question 10 10 pts Which of the following statements is correct? O The outcome that maximizes the fully informed principal's surplus is called the rst
Question 10 10 pts Which of the following statements is correct? O The outcome that maximizes the fully informed principal's surplus is called the rst best. 0 The outcome that maximizes the principal's surplus subject to the constraint that the principal is less well informed is called the second best. O The outcome that maximizes the principal's surplus subject to the constraint that the principal is less well informed and to an additional constraint is called the third best. O All of the above
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