The economic theory of the firm called agency theory characterized managers of the firm as narrowly self-interested
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Question:
The economic theory of the firm called agency theory characterized managers of the firm as narrowly self-interested or:
A) fully rational with utility only for wealth (fully rational and greedy).
B) fully rational with utility only for wealth and leisure (fully rational, greedy and lazy).
C) fully rational with utility only for wealth, leisure, and fairness (fully rational, greedy, lazy, and fair).
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