Which of the following explains why James, who operates an apple orchard that sells a very rare type of gourmet apple, would probably choose NOT to participate in contract production?
O His rare commodity offers an increased cash flow and an expansion of operation.
O Because he independently grows a unique product, he is already locked in to the best price of the market.
As a seller of a rare commodity he is in a position to negotiate higher prices than commodity food producers.
O He operates as a price-taker, that so there is no need to contract.