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To prepare for this Key Concept Exercise:
To complete this Key Concept Exercise:
In an approximately 500-word response, address the following question:
'...there is one and only one social responsibility of business - to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition, without deception or fraud' (Friedman, 1962, p.133).
Reference: Friedman, M. (1962) Capitalism and freedom. Chicago: University of Chicago Press.
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