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How does the correlation between output and prices affect

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Now assume that the output quantity is uncertain. How does the correlation between output and prices affect Carter's decision on how much to hedge? Prepare your analysis showing hedging decisions for correlations of -.99, 0, and .99.

The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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