Grendel owns and operates an apartment management company. Grendel supervises 20 apartment managers at 20 different apartment complexes. Grendel can only visit each apartment complex around once per month to check on the performance of each apartment manager. QUESTIONS: a) Carefully describe a principal-agent problem that can arise in this situation. b) Carefully describe actions Grendel may take now to ameliorate the principal-agent problem that you described in part (a). (Clearly label each answer or you will receive no credit for your answers.).