The "minimum efficient scale" of operation in an industry is defined as the scale of operation in an industry that is least efficient.

Name: The "minimum efficient scale" of operation in an industry is defined as the scale of operation in an industry that is least efficient.
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The "minimum efficient scale" of operation in an industry is actually defined as the lowest level of production at which a firm can produce its product at the lowest possible cost while still being efficient.

The "Minimum Efficient Scale" of Operation in an Industry Is