Question: Economists often model businesses as strictly maximizing profits. However, we also observe many firms giving money to charity or providing some of their products to
Economists often model businesses as strictly maximizing profits. However, we also observe many firms giving money to charity or providing some of their products to disadvantaged consumers for free or at a reduced price. Are these acts altruistic? What other motives might firms have? Use real-world examples to argue your case.
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