What are the two constraints that firms face while trying to maximize profits?

1 answer:

3 0

Law of supply and law of demand are the two constraints that firms face while trying to maximize profits. This is because it is not always the same. People's needs and wants changes through time. ANd not all the times the supply suffice the demands of the consumers.

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mariarad [96]

The correct answer is Overconfidence bias

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Drupady [299]

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Some business strategies that can be implemented by a merger or acquisition are:

Horizontal integration: companies that sell similar products merge in order to join forces and expand their market reach.
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The stated discount rate on this loan is Less than the effective interest rate

As the note is noninterest-bearing note, the stated discount rate on this loan is less than the effective interest rate.

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