According to Friedman's argument, _________. a. individual proprietors probably can't create a monopoly, so they must have social obligations. b. individual proprietors probably can't create a monopoly, but any use of their company's money for social obligations still counts as a tax on employees and customers. c. individual proprietors are foolish because they haven't incorporated. d. individual proprietors would make much more money if they sold stock.

b. individual proprietors probably can't create a monopoly, but any use of their company's money for social obligations still counts as a tax on employees and customers.

Explanation:

Friedman is an economist that postulated the theory of social responsibility by businesses. While businesses had a primary duty to shareholders to maximise profits, it also has a responsibility to contribute to the society where it operates.

So when the company's money is used for social obligation bit is a form of tax on the company's employees and customers, giving back to the society.