Question

Disadvantages of Profit Maximization/Attack on Profit Maximization:
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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:

ʜᴏᴘᴇ ʏᴏᴜ ғɪɴᴅ ɪᴛ ʜᴇʟᴘғᴜʟ

ᴛʜᴀɴᴋ ʏᴏᴜ

Answer 2

Disadvantages of 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

Tendency of Following One Trade Only

Conspicuous Consumption

Legal Restrictions on Profit-Making