The Doris Dairy Farm sells milk to a dairy broker in Prairie du Chien,Wisconsin.Because the market for milk is generally considered to be competitive,the Doris Dairy Farm does not choose the

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In a competitive market, the price of a good is determined by the market forces of supply and demand. The Doris Dairy Farm cannot choose the price at which it sells its milk, but must accept the prevailing market price. The quantity of milk produced may be influenced by factors such as the availability of feed, labor, and technology, as well as market conditions. Similarly, the profits earned by the farm will depend on the difference between the revenue earned from milk sales and the costs of production. However, in a competitive market, there is no guarantee of profits or a specific level of income.

The Doris Dairy Farm Sells Milk to a Dairy Broker