Professor Mitchell mentioned that America's large cities are very complex to manage. If we think of an elected mayor as the agent and the voters as principals, which of the following best reflects the principal-agent problem? a) The mayor acts in his own interests rather than the voters' interests.
b) The voters decide the mayor has done a poor job and elect someone else into the office.
c) The mayor gives large bonuses to his staff to encourage better teamwork.
d) The mayor partners with mayors of other cities for better transportation solutions.
e) The voters influence the mayor to act in their collective interests.