What is the margin between farm-gate price and retail price called?

Question

Quizplus · Accepted Answer

The margin between farm-gate price and retail price is called marketing margin. This represents the difference between the price paid by consumers and the price received by farmers. Marginal return refers to the increase in revenue caused by the production of one additional unit. Net profit is the difference between revenue and expenses. Base price refers to the initial price set by the producer or seller.

What Is the Margin Between Farm-Gate Price and Retail Price