Labor Demand Data Employment Total Product Product Price 0 0 - 1 15 $1.00 2 28 2.00 3 39 3.00 4 48 4.00 5 55 5.00 6 60 6.00 Labor Supply Data Employment Wage Rate 0 - 1 $1.00 2 2.00 3 3.00 4 4.00 5 5.00 6 6.00 By using the labor demand data and the labor supply data, you can conclude that Question 11 options: A) both the product and labor markets are imperfectly competitive. B) the labor market is purely competitive, but the product market is imperfectly competitive. C) the labor market is imperfectly competitive, but the product market is purely competitive. D) both the labor and product markets are purely competitive