The figure given below represents an imperfectly competitive resource market.Here common land (and not land used for specific purpose) is under consideration. Figure 17.1 
- In Figure 17.1,the curve B indicates:
Definitions:
Scatter Plot
A type of plot or mathematical diagram using Cartesian coordinates to display values for typically two variables for a set of data, highlighting the degree of correlation between them.
Constant
A fixed value that does not change in mathematical equations or in the analysis of data.
Age
A measure of the time someone or something has existed, typically expressed in years.
Cause-and-Effect
A relationship where one event (the cause) leads to the occurrence of another event (the effect).
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