Question

Disadvantages of Profit Maximization/Attack on Profit Maximization​

Answer 1

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Disadvantages of Profit Maximization/Attack on Profit Maximization:

■Ambiguity in the Concept of Profit: ...

■Multiplicity of Interests in a Joint Stock Company: ...

■No Compulsion of Competition for a Monopolist: ...

■Separation of Ownership from Control: ...

■The Principle of Decreasing Power: ...

■Stress on Efficiency, not Profit:

Answer 2

Explanation:

Disadvantages of Profit Maximization/Attack on Profit Maximization:

■Ambiguity in the Concept of Profit: ...

■Multiplicity of Interests in a Joint Stock Company: ...

■No Compulsion of Competition for a Monopolist: ...

■Separation of Ownership from Control: ...

■The Principle of Decreasing Power: ...

■Stress on Efficiency, not Profit