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Why Should an Agent Representing a Principal Always Make It

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Essay

Why should an agent representing a principal always make it clear to a third party that the agent is representing a principal,and not acting on the agent's own behalf?


Definitions:

Music Downloads

The process of transferring music from the internet to a computer or mobile device for offline listening.

Streamed Movies

Films delivered over the internet in real-time, without the need to download the entire file before viewing.

Optimal Consumption Bundle

The combination of goods and services that maximizes a consumer's utility given their budget constraint.

Indifference Curve

A graphical representation showing different combinations of two goods that give a consumer equal satisfaction and utility, illustrating their preferences.

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