In the United States, how have technological improvements internationally affected domestic agriculture? (1 point)

Question

Advances in technology have led to lower costs, which leads to lower prices. These lower prices push smaller, less profitable farms out of business.
Advances in technology have led to higher costs, which leads to higher prices. These higher prices push smaller, less profitable farms out of business.
Advances in technology have led to expensive government-mandated equipment that is required for the safety of farm workers. This equipment results in higher costs
and lower profits. This pushes smaller, less profitable farms out of business.
Advances in technology have led to lower costs, which leads to higher profits. These higher profits have caused farming to become very lucrative, leading many newer corporations, both large and small, to join the marketplace.

Answer 1

Advances in technology have led to lower costs, which leads to higher profits. These higher profits have caused farming to become very lucrative, leading many newer corporations, both large and small, to join the marketplace. This increased competition can put pressure on smaller, less profitable farms to either innovate and adopt new technologies or risk being pushed out of business.