Which of the following is true? People in firms have equal knowledge Employee empowerment increases when firms centralize key functions Decision rights and knowledge must be separated to minimize agency costs Theft by employees is an example of an agency cost None of the above

In three to four sentences, explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist

mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.

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