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The Figure Given Below Represents an Imperfectly Competitive Resource Market

question 35

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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    -An increase in demand for housing will reduce the availability of land for cultivation.
-An increase in demand for housing will reduce the availability of land for cultivation.


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