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Home Q & A Board Humanities Religion and Philosophy
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BJL BJL
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6 years ago
Kenneth Arrow discussed two important situations in which profit maximization can be socially inefficient. One of these occurs when
 
  A) there is an imbalance of knowledge between buyer and seller.
 
  B) business would be an inept custodian of public values.
 
  C) firms are unwilling or simply refuse to maximize profits.
 
  D) corporate culture promotes dysfunctional social relations.
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jessmall25jessmall25
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6 years ago
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