Social Studies, 09.10.2019 22:00 smart1212
Because managers have less incentive to maximize profits than the stockholders-owners do, stockholders find it costly to monitor managers; thus, they are reluctant to purchase equities.
a. agents; agents
b. agents; principals
c. principals; agents
d. principals; principals
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Because managers have less incentive to maximize profits than the stockholders-owners do, stockhol...
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