Which contracting party gains from the use of a more ...

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Which contracting party gains from the use of a more sophisticated contract?
 a. The principal, who offers the contract.
  b. The agent, who accepts the contract.
  c. Both parties may lose.
  d. Both parties gain equally.

Question 2

In managerial economics, agency costs refer to
 a. booking travel arrangements
  b. model and actor representation
  c. imperfections in dealing with those hired
  d. foreign espionage

[janeli1]

Answer to Question 1

a

Answer to Question 2

c

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Thanks for the timely response, appreciate it

[bulacsom]

Excellent