Consider the Following Table -On the Basis of This Data,we Can Say That the |

question 65

Multiple Choice

Consider the following table:

$\begin{array} { | l | l | l | l | l | l | l | l | } \hline \text { Employment } & 0 & 1 & 2 & 3 & 4 & 5 & 6 \\\hline \text { Total Product } & 0 & 12 & 22 & 30 & 36 & 40 & 42 \\\hline \text { Product Price } ( \$ ) & 3 & 3 & 3 & 3 & 3 & 3 & 3 \\\hline\end{array}$
-On the basis of this data,we can say that the business is:

• A)selling its product in a perfectly competitive market
• B)selling its product in an imperfectly competitive market
• C)hiring workers in a perfectly competitive market
• D)hiring workers in an imperfectly competitive market
• E)hiring its workers in a monopolistic market

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Definitions:

BOGO

An acronym for "Buy One, Get One," a promotional sales technique where customers receive an additional item for free or at a significantly reduced price upon purchasing one at full price.

Brand Introduction

The process of launching a new brand or product line into the market, involving strategies for establishing brand identity, awareness, and customer loyalty.

Pepsi

A global brand of carbonated soft drinks known for its rivalry with Coca-Cola and wide range of flavored beverages.

Self-Liquidating

Financial transactions or investments that pay for themselves through the generation of cash flow or savings.