Which of the following statements is true: (a) Many commodity markets contain a strong seasonal component either

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Which of the following statements is true:

(a) Many commodity markets contain a strong seasonal component either at the price level, or in volatility.

(b) In commodity markets the seasonal component is always contained in volatility.

(c) In commodity markets the seasonal component is always contained in price level.

(d) None of the previous statements is true.

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