The Figure Given Below Represents an Imperfectly Competitive Resource Market

question 5

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

-In Figure 18.1, the curve B indicates:

• A)supply curve of land.
• B)marginal revenue product curve for land.
• C)value of marginal product curve of land.
• D)marginal factor cost curve of land.
• E)marginal product curve of land.

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