Which of the following statements describes the concept of the firm as defined both in basic economics by the profit-oriented school of social responsibility? Group of answer choices Businesses entities have incentives to minimize profits. Business entities are altruistic by their very nature, and their sole purpose is to provide low prices for consumers. Business entities are distinct organizations in our society and their sole purpose is to increase profits for shareholders. Business entities have an abundance of market power which allows only a few to dominate markets