Answer:
If the futures price of the soybeans is higher than the current price, the supply would temporarily shift to the left ( S2), since the producers have an incentive to wait to sell.
Explanation:
IM LITERALLY IN 5TH GRADE! AND IM 11!!
Person who is responsible for controlling passwords and access rights or permissions for software that the company uses. Gate keeping is the process through which information is filtered for dissemination, whether for publication, broadcasting , the internet, or some other mode of communication.
Answer:
D. There is no restriction on the entry of new firms into the industry.
Explanation:
The statement about perfect competition that is correct is<em> there is no restriction on the entry of new firms into the industry</em>. Perfect competition describes a theoretical structure of the market in which competition reaches its highest level. Option A is incorrect because there is no limit to the number of firms. Moreover, each firm produces the same product.
It would be completely false to say that the United States Supreme Court will hear case arguments for two months and then recess to adjudicate (discuss and decide) those cases for two months in conference. The correct option among the two options that are given in the question is the second option.
