Which of the following statements is correct?   a. In a principal-agent model, the party who proposes the contract is called the principal.   b. In a principal-agent model, the party who decides whether or not to accept the contract and then performs under the terms of the contract (if accepted) is called the agent.      c. In a principal-agent model, the agent is usually the party with asymmetric (or better) information.   d. All of the above.

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