The Figure Given Below Represents an Imperfectly Competitive Resource Market

question 50

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

-Assume that any given percentage of the population earns an equal percentage of real GDP. This percentage of population will be represented by:

• A)a point below the line of income equality.
• B)a line lying below the line of income equality.
• C)a point on the line of income equality.
• D)a line lying above the line of income equality.
• E)a point above the line of income equality.

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