The level of output at which most plant-level scale economies are exhausted is known as
A) mass customization.
B) break-even point.
C) minimum efficient scale.
D) just-in-time.
E) lean production.

Question

Quizplus · Accepted Answer

Minimum efficient scale is the level of output at which most plant-level scale economies are exhausted, meaning the firm is operating at the lowest point on its long-run average cost curve.

The Level of Output at Which Most Plant-Level Scale Economies