In your opinion, how much time should a consumer spend on shopping (searching) for lower prices (you may want to apply the marginal analysis)?
According to Milton Friedman, "Business has only one social responsibility - to make profits (as long as it stays within the legal and moral rules of the game established by society). Few trends could so thoroughly undermine the very foundations of our society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible." Explain why you agree or disagree with such a statement.
Additional information:
Milton Friedman was the recipient of the Nobel Memorial Prize in Economic Sciences in 1976.
"Not looking to your own interests but each of you to the interests of the others" Target's community giving: "Target has a long-standing tradition of strengthening families and communities through innovative programs and partnerships. Since 1946, we have contributed 5 percent of our annual income to support families and communities, and today we remain one of very few companies that maintain this level of sustained giving. Target gives more than $3 million each week to the communities in which we do business. Our giving is directed both by Target and by the Target Foundation, each with specific areas of focus and commitment"