Smith's utilitarian argument is most commonly criticized for making what some call unrealistic arguments.

Question

Quizplus · Accepted Answer

Smith's utilitarian argument is often criticized for several assumptions that are considered unrealistic by some critics. These include the assumption that no single seller can control the price of a good, implying a perfect competition scenario (A); the assumption that manufacturers will bear the cost of all resources used in production, which may overlook externalities or the shifting of costs (B); and the assumption that humans are motivated solely by self-interest in the form of profit, which may ignore other motivations such as altruism or social responsibility (C).

Smith's Utilitarian Argument Is Most Commonly Criticized for Making What