A well-known argument against corporate social responsibility is that society will suffer if a company is distracted from its mission of maximizing profits.

Question

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The argument posits that companies focusing on maximizing profits will inherently benefit society by efficiently allocating resources, creating jobs, and providing goods and services. Distracting from this focus with other social responsibilities could lead to inefficiencies and ultimately harm societal welfare.

A Well-Known Argument Against Corporate Social Responsibility Is That Society