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When Joe's business takes out a loan, part of the paperwork he must sign includes a pledge that he won't sell more than 20% of

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When Joe's business takes out a loan, part of the paperwork he must sign includes a pledge that he won't sell more than 20% of his named assets without letting the bank know. Morever, he can't substantially change the nature of his landscaping business -- if he does, again, he must inform the bank, and the terms of the loan may change. Joe's loan contract includes economics of scale O collateral O moral hazard restrictive covenants

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