The minimum efficient scale of operations refers to a scale of plant at which economies of scale are just exhausted.

Name: The minimum efficient scale of operations refers to a scale of plant at which economies of scale are just exhausted.
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The minimum efficient scale (MES) is the point at which a firm can produce its goods or services at the lowest average cost per unit, meaning it has fully exploited all available economies of scale up to that point.

The Minimum Efficient Scale of Operations Refers to a Scale