What is the definition of the term agency problem?

	a.	The difficulties that arise in professional baseball when players become free agents.
	b.	The difficulties that arise when a principle hires an agency to represent their company.
	c.	The difficulties that arise when a principle hires an agent and cannot fully monitor the agent's actions.
	d.	When a principle hires an agent and must monitor every move they make, because they have found the agent to be unethical.