What does the vertical distance between the horizontal axis

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Q. What does the vertical distance between the horizontal axis and any point on a pure competitors demand curve measure?

Q. At a production price of $56, will this firm produce in the short run? Why or why not? If it is preferable to produce, what will be the profit-maximizing or loss-minimizing output? Explain. What economic profit or loss will the firm realize per unit of output?

Reference no: EM1350216

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What does the vertical distance between the horizontal axis : What does the vertical distance between the horizontal axis and any point on a pure competitors demand curve measure.

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