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Home Q & A Board Humanities Religion and Philosophy
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aynuriya aynuriya
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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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TRedusTRedus
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6 years ago
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aynuriya Author
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6 years ago
You make an excellent tutor!
asd454512
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Yesterday
Helped a lot
klyn
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2 hours ago
Good timing, thanks!
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