Which of the following is correct about agency cont lox a firnt Do li relers to the costs of conflics of interest betwen managers and gowermen. Ye There is no information asymmetry between the agent and principal, C. Monitoring managers is typically not costly, (D.) A higher salary can reduce agency costs, 2. Which of the following is incorrect about opportunity cost for a firm? A. Opportunity cost is associated with the next best alternative forgone when a decision is made. B. Opportunity cost of a given action is equal to the value foregone of all feasible alternative actions. C. Opportunity cost includes implicit costs plus explicit costs, D. Opportunity cost accounts for alternative uses of resources such as time, and money. 3, Suppose that both Demand and Supply increased for pizza due to reasons other than price, However, Demand increased more significantly than Supply, What are the equilibrium price and quantiy: A. both price and quantity would increase, B. price would increase and quantity would be indeterminate, C, both price and quantity would decrease. D, price would be indderminate and quantity would increase