What is profit maximization? Is it greedy? Is it morally unconscionable? Are you working t
A/ What is profit maximization? Is it greedy? Is it morally unconscionable? Are you working toward maximizing your profits by attending college? If so, then are your actions greedy and morally unconscionable? Do you believe there is a way to maximize your profits with as little as a social or environmental footprint as possible?
B/ If asymmetric information is so bad and leads to an inefficient allocation of resources, why do you think people and firms engage in it?