______________ argued that in a free market system in which people are allowed to own property, the executives of the company need to be considered as the employees hired by the shareholders.

Question

Quizplus · Accepted Answer

Milton Friedman advocated for the idea of shareholder primacy, which suggests that the primary responsibility of a corporation is to maximize shareholder value. According to Friedman, the executives of the company are hired by the shareholders and should therefore act in the best interests of maximizing profits for the shareholders.

______________ Argued That in a Free Market System in Which