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The Figure Given Below Represents an Imperfectly Competitive Resource Market

Question 15

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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 Gini co-efficient is the: A) area between the Lorenz curve and the vertical axis divided by the area under the Lorenz curve. B) area between the Lorenz curve and the horizontal axis divided by the area above the Lorenz curve. C) area between the Lorenz curve and the line of perfect equality divided by the total area under the line of income equality. D) area between the Lorenz curve and the line of perfect equality divided by the total area above the line of perfect equality. E) area between the line of perfect equality and the horizontal axis divided by the area between the Lorenz curve and the horizontal axis.
-The Gini co-efficient is the:


A) area between the Lorenz curve and the vertical axis divided by the area under the Lorenz curve.
B) area between the Lorenz curve and the horizontal axis divided by the area above the Lorenz curve.
C) area between the Lorenz curve and the line of perfect equality divided by the total area under the line of income equality.
D) area between the Lorenz curve and the line of perfect equality divided by the total area above the line of perfect equality.
E) area between the line of perfect equality and the horizontal axis divided by the area between the Lorenz curve and the horizontal axis.

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