Which of the following is a way to reduce agency costs?
a. Change the decision maker
b. Transferring information to the decision maker
c. Change the decision maker's incentives
d. All of the above
d
Economics
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A study conducted by a research firm revealed that RiteCure Health Insurance charges higher premiums than most of its rivals. The study also revealed that unlike its rivals, 60% of RiteCure's customers have chronic illnesses
a) What is the link between these two findings? b) What is likely to happen if the premium continues to rise?
Economics
Explain how more than one possible state of nature affects contract choices
What will be an ideal response?
Economics