Which type of cooperative receives products from its members and resells those products for the best possible price?

The type of cooperative that receives products from its members and resells them for the best possible price is known as a market cooperative. These cooperatives are primarily focused on marketing the products of their members. Farmers or producers join a market cooperative to pool their products, which enhances their bargaining power against buyers and helps them achieve better prices than they could individually.

Market cooperatives work by centralizing the marketing efforts of their members, which may include packaging, advertising, and selling the products. This approach not only allows for more efficient operations but also often results in higher profit margins returned to the members, as the cooperative can negotiate better prices due to larger volumes.

The other types of cooperatives mentioned serve different roles: service cooperatives assist members by providing various services, purchasing cooperatives facilitate bulk purchasing to reduce costs for members, and consumer cooperatives focus on selling goods directly to consumers. Each has a unique function, but it is the market cooperative that specifically focuses on reselling member products to achieve optimal pricing.