Examlex
In an unregulated monopoly at equilibrium, the output level is higher than the economically efficient level.
Long Hedger
An investor or trader who enters into contracts to purchase a commodity or asset at a future date to protect against price increases.
Short Hedger
An investor who hedges against potential price declines by selling futures contracts or entering into similar derivatives positions.
Increase
A rise in the quantity, level, or number of something.
Basis
Basis refers to the difference between the spot price of a commodity and the futures price of the same commodity, which can indicate market expectations of future price movements.
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