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Question 20 (a)The classical view of a firm, as put forward by Milton Friedman in 1970, is that it should be operated in a manner

Question 20

(a)"The classical view of a firm, as put forward by Milton Friedman in 1970, is that it should be operated in a manner that maximises its economic profits." Critically discuss this statement.

Explain financial manager's main decision-making areas. Give examples to illustrate the high level of interdependence between the decision areas of corporate finance.

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