By being responsible for their actions
A) moral hazard becomes asymmetric information.
B) employees are being given a property right.
C) employees find it easier to free ride on the performance of others.
D) the stock market is selling the claims of agents.
Question 2
The demand curve for labor slopes downward because:
a. few workers are willing to work at low wages.
b. capital has been substituted for labor in most industries.
c. of the diminishing marginal product of labor.
d. of all of the above.
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