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The Separation of Ownership from Control Explains Why fiRms Aim

question 63

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The separation of ownership from control explains why firms aim to maximize profits.


Definitions:

Social Computing

A type of information technology that combines social behavior and information systems to create value.

Feedback

Information provided about the result of a certain process or activity, used as a basis for improvement or correction.

Social Marketplace

An online platform that combines e-commerce with social media features, allowing users to buy, sell, and interact.

Craigslist

An online classified advertisements website with sections for jobs, housing, sales, services, community service, and more.

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