A rank-order tournament is an example of a(n)
A) forcing contract
B) economic tournament
C) principal-agent problem

Name: A rank-order tournament is an example of a(n) A) forcing contract B) economic tournament C) principal-agent problem
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Question

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A rank-order tournament is a type of economic tournament in which individuals or teams compete against each other to be ranked in terms of their performance. The winner(s) receives a reward, often monetary.

A Rank-Order Tournament Is an Example of A(n)