Which of the following is an adequate definition of a delegated monitor?

Question

Answer

An economic agent appointed to act on behalf of large groups of principals in collecting information and/or investing funds.

Answer

An economic agent appointed to act on behalf of smaller agents in collecting information and/or investing funds.

Answer

An economic agent appointed to act on behalf of smaller principals in collecting information and/or investing funds.

Answer

An economic agent appointed to act on behalf of large groups of agents and principals in collecting information and/or investing funds.

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