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Which of the following distinguishes why farmers of commodities are referred to as price takers? The producer will not take a profit from the commodity if the price changes yearly. The producer has no
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43 votes
43 votes
Which of the following distinguishes why farmers of commodities are referred to as price takers?

The producer will not take a profit from the commodity if the price changes yearly.
The producer has no control over the market price and must take the price offered
The producer must seek out a fair price from buyers and take the price they all agree on
The producer is not legally allowed to take a price over the value created by the government

User Ckhan
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25 votes
25 votes

Answer:The producer has no control over the market price and must take the price offered

Explanation: it says it in the article

User Eugene Maksimov
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