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Which of the following is an example of a principal-agent problem?-Buyers opt to buy the low-cost, low-quality version of a product even though they say their primary goal is high quality.-Workers are motivated to do their best on the job regardless of compensation.-A firm fails to earn profits because a manager mismanages the employees.-Shareholders hire a CEO to increase profits, and the CEO remodels the office with expensive artwork and furnishings.

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