Read the passage from Sugar Changed the World.

The fairs were very well organized. They featured covered galleries so that merchants could buy and sell even if rain came drumming down; cellars were so large, they resembled underground cities. At the fairs, merchants could trust the weights and measures, and a strict order prevailed for how things were to be sold. For the first twelve days one could sell only woven cloth—which is what the traders from northern Europe brought. Then the "sergeants" of the fair would walk through the streets crying, "Pack up, pack up" and all the cloth must be put away. Now the leather traders, who came from as far as Spain, and the fur merchants, whose goods might come from Russia, filled the tables with piles of hides and pelts.

Which statement is an objective summary of the passage?

The fairs had detailed, specific rules about what merchants could sell and how they could sell it.
These fairs were the best in the world because of their detailed and specific rules for sellers.
The careful organization of these fairs shows the intelligence of the people who planned them.
Travelers from all over the world longed to sell their fabrics and furs at these well-organized fairs.