Many businesses seek to maximize profits and shareholder's wealth at the expense of other stakeholders (customers, employees ..) and the environment. The concept of corporatesocial responsibility (CSR) and profits should not be achieved at the expense of social welfare.

1. Do you agree or disagree with the statement? what is your logical reasoning ?

2. What should the government response be for firms that seek to maximize their economic profit at the expense of the environment and society at large ?