Answer the Question on the Basis of the Information Given

question 66

Multiple Choice

Answer the question on the basis of the information given in the following table: $\begin{array}{c}\begin{array}{c}\\Employment\\\hline0\\1 \\2 \\3 \\4 \\5 \\6\end{array}\begin{array}{c}Total\\Product\\\hline0\\12\\22\\30\\36\\40\\42\\\end{array}\begin{array}{c}\text { Product }\\\text { Price } \\\hline \$ 3 \\3 \\3 \\3 \\3 \\3 \\3\end{array}\end{array}$ 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.

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Definitions:

Ability To Complete

The capability or power to finish a task or reach the end of a process successfully.

Build Resilience

The process of developing the capacity to recover quickly from difficulties or adapt in the face of adversity.

Resilient

Capable of recovering quickly from difficulties or adapting well to change and stress.

Examples

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