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Speculators activities over the long-run

Over the long-run the speculators activities are tend to: (1) decrease the volatility of prices. (2) attract legal attention and result in imprisonment. (3) increase the level and volatility of prices both. (4) yield tremendous profits and raise costs to consumers. (5) disrupt the supplies of goods due to hoarding.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

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