Which of the following statements is correct? In extremely competitive industries, we would expect firms would voluntarily engage in many socially beneficial projects to try to minimize their stocks' values. Actions that maximize a firm's stock price must always be inconsistent with maximizing social welfare. If government did not mandate socially responsible corporate actions, such as those relating to product safety and fair hiring practices, some firms in competitive markets probably would not pursue such policies voluntarily. The concepts of social responsibility and ethical responsibility on the part of corporations are completely different and neither is relevant in maximizing stock price. In a competitive market, the fact that a firm does not spend resources making social welfare improvements, in general, will never affect the second firm's ability to attract funds