The supporters of the ethical egoism theory would argue that businesses should focus solely on their own self-interests and maximize their level of profitability by developing a strong competitive advantage.

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The ethical egoism theory posits that individuals should act in their own self-interests, and this philosophy extends to businesses as well. Therefore, supporters of ethical egoism would argue that businesses should prioritize their own interests, including maximizing profits and developing a competitive advantage.

The Supporters of the Ethical Egoism Theory Would Argue That