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Read the following statement on the Purpose of a Corporation:http://bit.ly/2OZ98pN from the Business Roundtable, a lobbying organization representing more than 180 U.S. Corporations. Economists model
Read the following statement on the Purpose of a Corporation:http://bit.ly/2OZ98pN from the Business Roundtable, a lobbying organization representing more than 180 U.S. Corporations. Economists model firm behavior under the assumption that firm's maximize profits (or shareholder value). Do you think this is generally an accurate assumption? Given the statement from the Business Roundtable, do you think economists should alter the way they model firm behavior? Explain.
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