One reason for the existence of agency problems between managers and shareholders is that: Managers know how to manage the firm better than…

One reason for the existence of agency problems between managers and shareholders is that: Managers know how to manage the firm better than…

One reason for the existence of agency problems between managers and shareholders is that:
Managers know how to manage the firm better than shareholders.
there is a separation of ownership and control of the firm
shareholders have unreasonable expectations about managerial performance
None of these
 
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