After many horrendous first dates arranged through a dating website where Cecily provided minimal information,Cecily has decided to ask her good friends,who know all about her,to help her find a companion.By relying on her friends,Cecily is trying to reduce a(n)
A) moral hazard problem that became a principal agent problem.
B) principal agent problem that became an adverse selection problem.
C) principal agent problem.
D) adverse selection problem.
E) moral hazard problem.
Correct Answer:
Verified
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