Question: What does Friedman mean by ethical custom? Friedman mean by ethical custom that companies must not participate in fraudulent or deceptive practices. 2. If the

What does Friedman mean by "ethical custom"? Friedman mean by "ethical custom" that companies must not participate in fraudulent or deceptive practices. 2. If the laws of the society are limiting the company's profitability, would the company be within its rights to disobey the law? The rights of a company do not include disobeying the law. Companies have to do business but according to the law

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