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You hire the son of a friend to clean the litter box once a week over the summer while you are traveling. Your friend's son
You hire the son of a friend to clean the litter box once a week over the summer while you are traveling. Your friend's son does a really good job, but cleans the litter box only every three weeks instead. This situation is an example of
Choose one:
A diminishing returns.
B moral hazard.
C the principalagent problem.
D adverse selection.
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