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The market price of a bushel of soybeans is $15, the farmer produce will be bushels to maximize short-run profit.
The market price of a bushel of soybeans is $15:
For July, there will be a 15 KW, surplus (deficit) of cash available above disbursements. Calculate the surplus of cash available over expenditures for the month of July in the following question.
There are several buyers and sellers in a highly competitive market. The forces of the market decide the product's pricing. If the businesses in this market are having financial success, additional businesses will be encouraged to enter the soybean industry.
As a result, there are more businesses on the market as they enter the market in an effort to make a profit. Due to the increasing competition, this will cause the market price of soybeans to decline.
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