Answer the question on the basis of the following data: $\begin{array}{cccccc}
Quantity &MP of& MRP of &\text{Quantity of}& MP of &MRP of\
of Labor& Labor& Labor& Capital &Capital &Capital\
\hline
1 & 15 & \$ 45 & 1 & 8 & \$ 24 \
2 & 12 & 36 & 2 & 6 & 18 \
3 & 9 & 27 & 3 & 5 & 15 \
4 & 6 & 18 & 4 & 4 & 12 \
5 & 3 & 9 & 5 & 3 & 9 \
6 & 1 & 3 & 6 & 2 & 6
\end{array}$ Refer to the given data.This firm is selling its product in:
A) an imperfectly competitive market at prices that decline as sales increase.
B) a purely competitive market at $3 per unit.
C) a purely competitive market at $2 per unit.
D) an imperfectly competitive market at $3 per unit.

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The Answer of Answer the question on the basis of the following data: $\begin{array}{cccccc}
Quantity &MP of& MRP of &\text{Quantity of}& MP of &MRP of\
of Labor& Labor& Labor& Capital &Capital &Capital\
\hline
1 & 15 & \$ 45 & 1 & 8 & \$ 24 \
2 & 12 & 36 & 2 & 6 & 18 \
3 & 9 & 27 & 3 & 5 & 15 \
4 & 6 & 18 & 4 & 4 & 12 \
5 & 3 & 9 & 5 & 3 & 9 \
6 & 1 & 3 & 6 & 2 & 6
\end{array}$ Refer to the given data.This firm is selling its product in:
A) an imperfectly competitive market at prices that decline as sales increase.
B) a purely competitive market at $3 per unit.
C) a purely competitive market at $2 per unit.
D) an imperfectly competitive market at $3 per unit.

Answer the Question on the Basis of the Following Data