Which of the following constrain (that is, limit) a firm's profits? I. its technology
II) its information
III) the market in which it operates
A) I only
B) I and II
C) II and III
D) I, II and III

Question

Quizplus · Accepted Answer

All three factors can constrain a firm's profits: technology limits production capabilities, information affects decision-making and efficiency, and the market influences pricing and demand.

Which of the Following Constrain (That Is, Limit) a Firm's