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The Figure Given Below Represents an Imperfectly Competitive Resource Market

question 20

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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 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 supply of hydro electric power: A) can be varied infinitely in the short run. B) remains fixed in the long run. C) decreases with an increase in price in the short run. D) reduces in the future due to continuous consumption today. E) increases with an increase in price in the long run.
-The supply of hydro electric power:


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