Answer the Question on the Basis of the Data Contained

Answer the question on the basis of the data contained in the following table.Assume that the firm is hiring labor in a purely competitive market. $\begin{array}{ccc}\begin{array}{ccc}\begin{array}{c}\text { Units of } \\\text { Labor }\\\hline\end{array} && \begin{array}{c}\text { Total } \\\text { Product }\\\hline\end{array} \\0 & & 0 \\1 & & 15 \\2 & & 28 \\3 & & 39 \\4 & & 48 \\5 & & 55 \\6 & & 60\end{array}\begin{array}{c}Product\\Price\\\hline \$ 2.20\\ 2.00 \\ 1.80 \\ 1.60 \\1.40 \\ 1.20 \\ 1.10 \end{array}\end{array}$ The given data reveal that:

A) the firm is selling its product in a purely competitive market.
B) the firm is selling its product in an imperfectly competitive market.
C) there is no level of output at which this firm can operate at a profit.
D) the law of diminishing returns is not applicable to this firm.

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