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The Figure Given Below Represents an Imperfectly Competitive Resource Market

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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    -If a nonrenewable resource is used more in the current period, the return on saving the resource for future falls.
-If a nonrenewable resource is used more in the current period, the return on saving the resource for future falls.

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