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Describe the relates between principle-agent problem to regulators?
Wiki User
∙ 15y ago
An agent acts on behalf of another for compensation They have to be registered usually depending on the career field. And since you can't steal from yourself, the prescence of an agent at least theoretically exists. But principals can do criminal things too like selling unlicensed products that need a license or committing fraud in the sale.
Wiki User
∙ 15y ago
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