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Which of the following shows the existence of agency costs? A. management often pursues risky but profitable opportunities rather than safer, less profitable opportunities. B.

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Which of the following shows the existence of agency costs? A. management often pursues risky but profitable opportunities rather than safer, less profitable opportunities. B. the costs are shown in footnotes to the financial statements C. underperforming CEO's are frequently voted out by shareholders D.stock prices increase when an underperforming CEO is unexpectedly replaced

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