The oil well Maconda exploded in the Gulf of Mexico in 2010, killing 11 people and creating

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The oil well Maconda exploded in the Gulf of Mexico in 2010, killing 11 people and creating a huge oil spill. BP did not own the Deepwater Horizon platform, but leased it from a company called Transocean. In what sense is this a principal-agent problem? What incentives are created by the problem?

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