According to Milton Friedman,the Firm That Maximizes Its Profits Is

question 53

True/False

According to Milton Friedman,the firm that maximizes its profits is not necessarily maximizing its contribution to the society.

---

Definitions:

Payment Exchange

A system or platform that facilitates the transfer of money between parties, enabling the settlement of transactions electronically.

Event of Damage

A specific incident that causes physical harm to property or person, potentially covered by insurance.

Antilapse Clause

A provision in a will that allows the gifts to substitute beneficiaries if the original beneficiary is deceased.

Grace Period

A grace period is a set length of time after a due date during which a payment can be made without penalty.