Below is productivity data for firm Nearly Done Inc.which purchases resources in a perfectly competitive factor market.

-Refer to the above information to answer this question.In what type of market does Nearly Done Inc.sell its output?
A)Perfect competition.
B)Monopoly.
C)Oligopoly.
D)Monopolistic competition.
E)Natural monopoly.

Question

Below is productivity data for firm Nearly Done Inc.which purchases resources in a perfectly competitive factor market.
 
-Refer to the above information to answer this question.In what type of market does Nearly Done Inc.sell its output?
A)Perfect competition. 
B)Monopoly. 
C)Oligopoly. 
D)Monopolistic competition. 
E)Natural monopoly.

Quizplus · Accepted Answer

The given data mentions that Nearly Done Inc. purchases resources in a perfectly competitive factor market. In a perfectly competitive market, there are many buyers and sellers, homogeneous products, ease of entry and exit, and perfect information. These are the characteristics of the market in which Nearly Done Inc. operates while purchasing resources. Therefore, the firm is likely to sell its output in a perfectly competitive market as well.

Below Is Productivity Data for Firm Nearly Done Inc