The theory that the sole responsibility of a corporation is to optimize profits while obeying the law is known as:
A) Monetarism.
B) Friedmanism.
C) Ordoliberalism.
D) Keynesianism.

Question

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Friedmanism, also known as shareholder theory, argues that the only responsibility of a corporation is to maximize profits for its shareholders while obeying the law. This theory was proposed by economist Milton Friedman in the 1970s and has been influential in shaping corporate behavior in the United States and other countries. Monetarism, Ordoliberalism, and Keynesianism are economic theories that focus on broader issues such as government intervention in the economy and the role of monetary policy.

The Theory That the Sole Responsibility of a Corporation Is