What is important about lord chamberlain’s men? ?

Lord Chamberlain's Men, also called Chamberlain's Men, a theatrical company with which Shakespeare was intimately connected for most of his professional career as a dramatist. It was the most important company of players in Elizabethan and Jacobean England. ... A strong Lord Chamberlain's company emerged.

The answer to your question is the FIRST choice. "It reflects his low opinion of the narrator's intelligence and social standing."