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Author Question: In the presence of asymmetric information, A) all contracts are efficient. B) efficiency in risk ... (Read 108 times)

haleyc112

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on: Jul 1, 2018
In the presence of asymmetric information,
 
  A) all contracts are efficient.
  B) efficiency in risk bearing cannot be achieved.
  C) a trade-off exists between risk-bearing efficiency and production efficiency.
  D) no contracting will take place.

Question 2

Suppose a plaintiff hires a lawyer to represent her in a court case. The lawyer will be paid by the hour. Under this contract,
 
  A) production efficiency is not achieved.
  B) the client bears all of the risk.
  C) the lawyer has an incentive to lie about his hours worked.
  D) All of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
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Anonymous

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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haleyc112

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Reply #2 on: Jul 1, 2018
Thank you


Anonymous

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Reply #3 on: Jul 1, 2018
No problemo


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