If a principal and agent enter into a fixed-fee contract where the agent pays the principal a licensing fee
A) the principal bears all the risk.
B) the agent bears all the risk.
C) the principal and agent share the risk.
D) Unable to determine with the information given.
B
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If grocery stores are able to place their own private label "generic" products wherever they wish, why do some managers deliberately put them on shelves that are hard to get to or difficult to notice?
What will be an ideal response?
Which of the following statements about exchange is true?
a. If everyone starts off with the same quantities of each good, it would be impossible to realize gains from trade. b. Exchange tends to move each good toward those individuals who value the good more highly. c. Exchange always results in one party being made better off and the other being made worse off. d. For trade to occur, everyone must start off with the same value of the good that is traded.