Which of the Following Statements Is Inconsistent with Milton Friedman's

question 18

Multiple Choice

Which of the following statements is inconsistent with Milton Friedman's argument regarding the responsibility of a firm?

• A)Labour leaders' only responsibility is to serve the interests of their unions.
• B)Free and open competition is beneficial to business.
• C)Profit maximization is the primary purpose of business.
• D)The only social responsibility of business is to make profits.
• E)All of the answers are consistent with his position.

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US Dollar

The official currency of the United States, widely used as a benchmark and reserve currency worldwide.

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