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Firms that employ hedging: (a) Always reduce their risk (b) May increase their risk if other competitive firms in the industry do not hedge O

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Firms that employ hedging: (a) Always reduce their risk (b) May increase their risk if other competitive firms in the industry do not hedge O (c) Should stop hedging if other competitive firms in the industry do not hedge (d) Only (a) and (b) are true O (c) All (a), (b) and (c) are true

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