Which of the following is/are true/ I) One problem with the Invisible Hand argument is that taxation sometimes occurs without representation/ II) One consequence of the Individual model of business is that businesses should often decrease profits so that no individual is harmed/ III) Dual-investor theory supports the Community model of business.
Which of the following does not follow from the individualist view of business?
An executive of an automobile company may decide not to install a safety device (not required by law) that costs more than the company would make off it.
Suppose nobody worries about dandruff. You ought to go ahead and make people "dandruff conscious" in order to make money from a "dandruff shampoo."
Your overseas sales of the pesticide Darbin are highly profitable. Darbin is safe in the United States, but, because it is not used correctly overseas, it causes several thousand deaths a year. You cannot be sued for the misuse. It's ok to continue selling Darbin overseas.
Your company has been supporting a shelter for battered women for many years/ You decide that the cost of continuing to support the shelter is greater than the gain in sales, goodwill, favorable publicity, etc/ You should shut down (or stop supporting) the shelter.
It is illegal to sell adulterated milk, but the government's budget for milk inspections is so low, and it is so easy to bribe the inspectors, that if you water down your milk you won't be caught/ Watering down (adulterating) the milk will save you $4 million a year/ You ought to go ahead and water down the milk.