Free market advocates tend to do all of the following except:
a. Argue that "the social responsibility of business is to increase its profits, which leads to efficient capital and product markets."
b. Argue that all stakeholders have an equal right to bargain for a "fair deal."
c. Believe that the first and foremost stakeholder group is shareholders.
d. Argue that if firms attempt to attain social goals, managers will lose their focus on profit maximization.
e. Fear that firms will become like SOEs.

Question

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The Answer of Free market advocates tend to do all of the following except:
a. Argue that "the social responsibility of business is to increase its profits, which leads to efficient capital and product markets."
b. Argue that all stakeholders have an equal right to bargain for a "fair deal."
c. Believe that the first and foremost stakeholder group is shareholders.
d. Argue that if firms attempt to attain social goals, managers will lose their focus on profit maximization.
e. Fear that firms will become like SOEs.

Free Market Advocates Tend to Do All of the Following