Sacrificing profits in the social interest

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Elhauge (2005) defined corporate social responsibility as "sacrificing profits in the social interest."

Using this definition and the ideas of efficiency and equity discussed in Roger Strickland's video, consider the case of Mylan's EpiPen.

How would you summarize the question of social responsibility surrounding Mylan's choice of price?

What would Friedman say that Mylan should charge for the EpiPen? To whom are the executives of Mylan responsible?

What would Almeder say that Mylan should charge? What justification might he offer for selling less that "what the market could bear"?

Reference no: EM132222882

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