5) What is the difference between a price maker and margin maker? What are the conditions a processor must meet to enable her to price her products independently of the supplies and prices of relevant farm products? what constraints does a margin maker face? Why does a firm handling commodity often have more influence on its buying prices than its selling price? (10 points) 4) How do demand curves vary in the different market models? How does each affect managerial behavior and planning? (10 points) 3) As an agricultural marketing specialist, can you explain the impact of COVID 19 on food sales? Discuss separately the impact on commodity market, perishable goods, and livestock \& poultry. What measures could be taken to revive the situation if any? (10 points) 2) As a food marketing economist, how would you assess the impact of the recent consolidation in the food marketing system in terms of market power and economies of scale? Discuss how market power and economies of scale could affect the prices consumers pay for food and the variety of food product choices. Also discuss how consumer sovereignty affects the marketing system. (10 points)