Question

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

Answer 1

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

Explanation: it says it in the article