Farmers selling agricultural commodities operate in very competitive market and have little to no control over their prices.Such sellers are price- ________.
A) setters
B) takers
C) makers
D) strategizers
E) skimmers

Question

Quizplus · Accepted Answer

Price-takers are sellers who have little control over the price of their products in the market. In the case of farmers selling agricultural commodities, they do not have control over the prices and have to accept the prevailing market price, making them price-takers.

Farmers Selling Agricultural Commodities Operate in Very Competitive Market and Have