The Figure Given Below Represents an Imperfectly Competitive Resource Market

question 74

Multiple Choice

The figure given below represents an imperfectly competitive resource market. Here common land (and not land used for specific purpose) is under consideration.Figure 18.1

-The horizontal and vertical axes of the Lorenz curve respectively measure:

• A)total income and total expenditure as cumulative percentages.
• B)total income and total population as cumulative percentages.
• C)total population and total expenditure as cumulative percentages.
• D)total expenditure and total income as cumulative percentages.
• E)total population and total income as cumulative percentages.

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Definitions:

Diploid

An organism or cell that contains two complete sets of chromosomes, one from each parent.

Sporophyte Generation

One of the two alternating phases in the life cycles of plants and algae, characterized by a multicellular diploid phase that produces spores.

Angiosperms

Flowering plants that produce seeds enclosed within a fruit; the largest group of land plants.

Sporophyte Generation

The sporophyte generation is part of the life cycle of plants and algae that is diploid, producing spores that germinate into the gametophyte generation.