Question $1$

Friedman's argument for shareholder primacy is based in

Teleology

Feminism

Utilitarianism

Libertarianism

Question $2$

According to Friedman, managers should focus on stockholder interests because

doing so maximizes economic output

stockholders are their natural superiors

as employees, that is what they have contracted to do

none of the above

Question $3$

In an employee$-$employer relationship, according to Friedman, the employee is bound to do what the employer says,