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Freeeman says that management must look after the health of the corporation, and this involves balancing the multiple claims of conflicting stakeholders he goes on

Freeeman says that "management must look after the health of the corporation, and this involves balancing the multiple claims of conflicting stakeholders"

he goes on to say that there is a duty to pay returns to owners because "their support is necessary for the survival of the firm"

Explain what this line of reasoning has in common with Friedman's shareholder theory.

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