Which of the following reasons might a free market economic theorist use to justify the hostile takeover of a company?
A) The takeover target company's stock is undervalued. That is evidence that the resources are being inefficiently used.
B) If current management is not maximizing profits, it is violating the utilitarian imperative to maximize the overall good.
C) The organization seeking to take over the target company will maximize profits for the stockholders and will be serving the public's interests because it is only by satisfying consumer (public) demand that a business can make profits.
D) All of the above.
Correct Answer:
Verified
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