Условие:
Which statement about the principal-agent theory is correct? (1 point)
a. In general, it is assumed that the principal has an information advantage.
b. Moral hazard refers to the asymmetry of information before the signing of a contract.
c. In this theory, adverse selection refers to the symmetry of information between principal and agent.
d. The cause of hidden actions can be unobservable activities of the agent.
None of the answers a. to d. are correct.
