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Create an original example to demonstrate how an individual or firm acting out of self-interest (seeking profits by offering goods or services in
Create an original example to demonstrate how an individual or firm acting out of self-interest (seeking profits by offering goods or services in economic markets) must benefit consumers – even if they do not care about them - more than the competition in order to maximize revenues. Example: McDonald’s® campaign to “supersize” fries.
The aim of production is profit, not consumption a Marxist view.The provision of certain goods by public sector clearly points out that the utility ofconsumer is alone not sufficient to ensure...