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 Select one: O a. I and II O b. Il and Il O c.l only O d. I, Il and II

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 Select one: O a. I and II O b. Il and Il O c.l only O d. I, Il and II

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: Firms In Competitive Markets

Section: Chapter Questions

Problem 7PA

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Question

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
Select one:
O a. I and II
O. b. Il and III
O c.I only
O d. I, Il and II

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