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Why might incumbents want to deemphasize their policy positions during a reelection campaign?
Principal/Agent
A relationship in which one party (the agent) is authorized to act on behalf of another party (the principal) in conducting transactions.
Commission
A fee paid to an agent or employee for facilitating a sale or service, typically a percentage of the sale price.
Net Basis
A method of quoting or reporting prices without including the costs of taxes, delivery, and other ancillary charges.
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