Author Question: An incentive conflict is when a. The agent and the principal have identical incentives b. The agent ... (Read 32 times)

shofmannx20 · **on:** Jul 1, 2018

An incentive conflict is when
a. The agent and the principal have identical incentives
b. The agent has different incentives than does the principal
c. The agent and the principal neither have any incentives to work hard
d. None of the above

Question 2

If a firm sells more than the break-even quantity,
a. It will make a profit
b. It will only cover the variable costs
c. It will make a loss
d. A firm is unable to sell above the break-even quantity