Milton Friedman contended that a business cannot increase its profits while conforming to society's laws and ethical customs.

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Milton Friedman believed that businesses could increase profits while still conforming to society's laws and ethical customs, as long as they did not break any laws or violate any ethical standards. He argued that businesses should prioritize maximizing profits for shareholders within the confines of the law and morality.

Milton Friedman Contended That a Business Cannot Increase Its Profits