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23 June, 08:56

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

a. price index and government tools

b. law of supply and law of demand

c. cost of production and consumer demand

d. labor and raw materials

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  1. 23 June, 11:19
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    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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