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Which of the following is true in the principal agent model? The principal has more information and may shirk by behaving in a way contrary

Which of the following is true in the principal agent model?

The principal has more information and may shirk by behaving in a way contrary to the agent's interest.

The agent has more information and may shirk by behaving in a way contrary to the principal's interest.

The agent has less information and may shirk by behaving in a way contrary to the principal's interest.

The principal has less information and may shirk by behaving in a way contrary to the agent's interest.

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