Neoclassical economists and Herbert Simon agree that corporations attempt to maximize profits.

Name: Neoclassical economists and Herbert Simon agree that corporations attempt to maximize profits.
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Herbert Simon argued against the neoclassical view of profit maximization, proposing instead the concept of "satisficing," which suggests that corporations aim for satisfactory rather than maximum profits due to bounded rationality and information constraints.

Neoclassical Economists and Herbert Simon Agree That Corporations Attempt to Maximize