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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
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    -A Gini of 0 implies that: A) every family has an equal amount of income. B) the top 10% of the families appropriate almost 100% of the total income. C) the bottom 90% of the families have only 10% of the total income. D) the bottom 20% of the families have 80% of the total income. E) only 1 family appropriates the entire national income.
-A Gini of 0 implies that:


A) every family has an equal amount of income.
B) the top 10% of the families appropriate almost 100% of the total income.
C) the bottom 90% of the families have only 10% of the total income.
D) the bottom 20% of the families have 80% of the total income.
E) only 1 family appropriates the entire national income.

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