What are common performance bottlenecks in Docker containers and how can I address them

What are common performance bottlenecks in Docker containers, and how can I address them?

Docker containers utilize significant resources yet can also turn out to become performance bottlenecks for very demanding applications. The question speaks to usual bottlenecks to either CPU or memory limits, I/O or network latency and the approaches or configurations you use in order to resolve such bottlenecks. This looks at applied solutions toward the improvement of container performance for stable yet efficient functioning within both dev and prod environments.