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Nobel Prize-winning economist MiltonFriedmanstated in a New York Times Magazine article in 1970 that the only social responsibility of a business is to increase its

Nobel Prize-winning economist MiltonFriedmanstated in aNew York Times Magazinearticle in 1970 that the only "social responsibility of a business is to increase its profits." Using the stakeholder theory and corporate examples, please explain if this statement is right or wrong in today's business environment

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