What effect will this exit have on market supply of soybeans

Reference no: EM131021808

Suppose that some soybean farmers experience losses over a long period and therefore decide to exit the market. What effect will this exit have on the market supply of soybeans? How will the change in supply affect the market price of soybeans and the ability of farmers remaining in the soybean market to earn a profit?

Reference no: EM131021808

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