What is a characteristic of a market cooperative?

A market cooperative is designed to enhance the economic viability of its members by buying and selling goods collectively. One of the key characteristics of such cooperatives is their role in reselling products produced by their members. This process allows members to benefit from economies of scale, receive better prices for their products, and gain access to broader markets that might be difficult to reach individually. By focusing on reselling member products for the best price, market cooperatives aim to improve the profitability of their members, ensuring that they can compete effectively in the marketplace.

This selling function is integral, as it allows cooperatives to leverage collective bargaining power, negotiate better deals, and ultimately pass on benefits to their members. Thus, the emphasis on reselling member products rather than merely purchasing or providing low-cost services distinguishes market cooperatives in the agritechnology and agricultural sectors.