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Claudius Recently Took Over His Father's Dairy Farm

Question 49

Multiple Choice

Claudius recently took over his father's dairy farm. He decides that he is going to add beef cattle to his farm and sell the meat to regional grocery stores and butcher shops. Before he can sell any meat, he knows that he will need to ensure he is compliant with the U.S. Department of Agriculture standards. Which of the forces affecting markets does this best represent?


A) government influences
B) rationality
C) incomplete information
D) factors of production
E) consumer sovereignty

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