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You are a small producer selling grain, a commodity. What implications would this budget proposal have for your farm and your competition? How would you respond and how is your competition likely to respond? How might this affect costs? How would this affect your decision of whether or how much to produce? How might this affect the price you are receiving for your crop? What is this likely to do to both short-run and long-run profitability?
Last 3 questions needs to be answered
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