yes, and then place it in the code above, like this:
<img src=""http://www.flowerbud.com/images/flowers/bouquet-brights.jpg"" width="100"/>
give you this:
Note that if a photo has a link (ie if you click on it, it naviagtes somewhere else), things are more complicated, since the shortcut you get when you copy will be to the link, not the image. But Flickr gives you the option to copy a link when you're looking at a photo, if I recall, I will check.