Answer:
Option (A)
Explanation:
In a perfectly competitive market condition, there are large number of buyers and sellers. The price of the products is determined by the market forces. If the firms in this market experiencing the economic profits then this will give an incentive to the new firms to enter into the market of soybeans.
Therefore, the new enters to earn profits and hence there is an increase in the number of firms in the market. This will lead to a decrease in the market price of the soybeans because of the increased competition among the firms.
