Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 15 - Wage Determination - Discussion Questions: 9

Answer

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Work Step by Step

There is a principal-agent problem when the desires of the workers are different than the desires of the firm. This is not uncommon, however, for many workers are just there for a paycheck while the owners of the firm obviously want the firm to make a profit.
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