Question

Disadvantages of Profit Maximization/Attack on Profit Maximization ??


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Answer 1

$\huge{❥}\:{\mathtt{{\purple{\boxed{\tt{\pink{\red{A}\pink{n}\orange{s}\green{w}\blue{e}\purple{r᭄}}}}}}}}$

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

Answer:

ʜᴇʀᴇ ɪs ʏᴏᴜʀ ᴀɴsᴡᴇʀ ⬇️

Explanation:

ᴅɪsᴀᴅᴠᴀɴᴛᴀɢᴇs ᴏғ ᴘʀᴏғɪᴛ ᴍᴀxɪᴍɪᴢᴀᴛɪᴏɴ/ᴀᴛᴛᴀᴄᴋ ᴏɴ ᴘʀᴏғɪᴛ ᴍᴀxɪᴍɪᴢᴀᴛɪᴏɴ:

➡️ᴀᴍʙɪɢᴜɪᴛʏ ɪɴ ᴛʜᴇ ᴄᴏɴᴄᴇᴘᴛ ᴏғ ᴘʀᴏғɪᴛ.

➡️ᴍᴜʟᴛɪᴘʟɪᴄɪᴛʏ ᴏғ ɪɴᴛᴇʀᴇsᴛs ɪɴ ᴀ ᴊᴏɪɴᴛ sᴛᴏᴄᴋ ᴄᴏᴍᴘᴀɴʏ.

➡️ɴᴏ ᴄᴏᴍᴘᴜʟsɪᴏɴ ᴏғ ᴄᴏᴍᴘᴇᴛɪᴛɪᴏɴ ғᴏʀ ᴀ ᴍᴏɴᴏᴘᴏʟɪsᴛ.

➡️sᴇᴘᴀʀᴀᴛɪᴏɴ ᴏғ ᴏᴡɴᴇʀsʜɪᴘ ғʀᴏᴍ ᴄᴏɴᴛʀᴏʟ.

➡️ᴛhe ᴘʀɪɴᴄɪᴘʟᴇ ᴏғ ᴅᴇᴄʀᴇᴀsɪɴɢ ᴘᴏᴡᴇʀ.

➡️sᴛʀᴇss ᴏɴ ᴇғғɪᴄɪᴇɴᴄʏ, ɴᴏᴛ ᴘʀᴏғɪᴛ.