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Why is maximize profits theory not acceptable in today's business world?
Special-Interest Effects
The impact that a small, focused group can have on policy-making to secure benefits for itself, often at the expense of the larger public interest.
Concentrated Benefits
Economic or political benefits that are narrowly distributed to a small, specific group, often leading to imbalanced influence or decision-making.
Diffuse Costs
Diffuse costs are expenses that are spread out and not easily attributed to a single product, project, or activity, often indirect in nature.
Unintended Consequences
Outcomes that are not the ones foreseen or intended by a purposeful action.
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