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

-In Country X, the highest 10 percent of families account for 70 percent of the income. In Country Y, the highest 10 percent of families account for 20 percent of the income. In this example:
A) Country Y would be located on the line of perfect inequality.
B) income is more equally distributed in Country Y.
C) income is more equally distributed in Country X.
D) Country X would be located on the line of perfect equality.
E) the degree of income inequality is equal in both the countries.
Correct Answer:
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Q1: The table below shows the distribution of
Q3: The figure given below represents an imperfectly
Q4: The figure given below represents an imperfectly
Q5: The figure given below represents an imperfectly
Q6: The table below shows the distribution of
Q7: The figure given below represents an imperfectly
Q8: The figure given below represents an imperfectly
Q9: The table below shows the distribution of
Q10: The figure given below represents an imperfectly
Q11: The figure given below represents an imperfectly
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