What is an advantage of a firm in organizing economic activity? Multiple choice question. the principal-agent problem transaction-specific investments low-powered incentives administrative costsThe lemons problem suggests that information asymmetries can cause Blank______. Multiple choice question. superior goods to be replaced by inferior ones an equal distribution of inferior and superior goods inferior goods to be replaced by superior ones all goods to be averageOne way to overcome the principal-agent problem is to Blank______. Multiple choice question. specify information symmetries offer managers communities of knowledge make managers owners through stock options establish coordination and flexibility