John K. Galbraith and Lester Thurow both believe that the modern corporation
A) follows the MR = MC rule
B) tries to minimize costs
C) hires too few managers
D) is run by managers for managers
E) serves the interests of stockholders

Question

Quizplus · Accepted Answer

John K. Galbraith and Lester Thurow argue that modern corporations are primarily managed for the benefit of their managers rather than strictly following traditional economic rules like MR = MC, minimizing costs for the sake of stockholders, or maintaining an optimal number of managers.

John K Galbraith and Lester Thurow Both Believe That the Modern