Question: It has been argued that shareholder wealth maximization is not a realistic norma- tive goal for the firm, given the social responsibility activities that the

It has been argued that shareholder wealth maximization is not a realistic norma- tive goal for the firm, given the social responsibility activities that the firm is expected to engage in (such as contributing to the arts, education, etc.). Explain why these social responsibility activities are not inconsistent with shareholder wealth maximization.

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