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Define and explain in your own words the concept of an optimal contract.
Multiple choices are:
an optimal contract minimizes total agency costs
an optimal contract takes into account monitoring costs
an optimal contract takes into account misbehavior costs
an optimal contract takes into account contracting costs
A and B
A and C
A and D
B and C
B and D
C and D
all but A
all but B
all but C
all but D
all are true
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