The principal _____
A) is a person or firm who hires an agent to act on their behalf.
B) is a person or firm who is supposed to act on behalf of the principal.
C) is a person or firm who has bounded rationality.
D) is the winning bidder who overestimates an asset's true value.
E) is the winning seller who underestimates an asset's true value.
Correct Answer:
Verified
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