Distinctive features of a geographical area influence the types of services or products to market

Which of the following is an example of agency cost?

A) costs incurred for setting up an agency B) failure of making the best investment decision C) payment of income tax D) payment of interest

Lack of supply of insurance:

A) can be the result of inefficient insurance regulation B) is a reason why companies now get their insurance on Bermuda or the Cayman Islands C) is no problem when it comes to risk against earthquakes D) is no problem when it comes to private unemployment insurance