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You have owned and managed an independent furniture store for 20 years in the big city.You will now open a 2 nd, store in a

You have owned and managed an independent furniture store for 20 years in the big city.You will now open a 2^nd,store in a far away city; you will have to hire a manager for that store.QUESTIONS:

a) Carefully describe a principal-agent problem that can arise in this situation.

b) Carefully describe actions you may take now to ameliorate the principal-agent problem that you described in part

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