Answer the question on the basis of the information given in the following table: $\begin{array}{c}
\begin{array}{c}
\
Employment\
\hline
0\
1 \
2 \
3 \
4 \
5 \
6
\end{array}
\begin{array}{c}
Total\
Product\
\hline
0\
12\
22\
30\
36\
40\
42\
\end{array}
\begin{array}{c}
\text { Product }\
\text { Price } \
\hline \$ 3 \
3 \
3 \
3 \
3 \
3 \
3
\end{array}
\end{array}$ Refer to the given data.This firm is:
A) selling its product in a purely competitive market.
B) selling its product in an imperfectly competitive market.
C) hiring workers in a purely competitive market.
D) hiring workers in an imperfectly competitive market.

Question

Quizplus · Accepted Answer

The product price remains constant at $3 regardless of the quantity produced, indicating a purely competitive market where the firm is a price taker.

Answer the Question on the Basis of the Information Given