Farmers wishing to sell grain cannot negotiate a price;they either accept the price offered or decline to sell their crop.This is an example of:
A)low barriers to entry.
B)availability of substitutes.
C)intense rivalry.
D)strong buyers.

Question

Quizplus · Accepted Answer

The fact that farmers have no negotiating power and must either accept or decline the price offered indicates a strong buyer. In this case, the buyer has the power to set the price, and farmers have little choice but to accept it or not sell their crop. This suggests that the buyer is able to exert significant influence in the market and may have the ability to pressure farmers into accepting unfavorable terms.

Farmers Wishing to Sell Grain Cannot Negotiate a Price;they Either