What is meant by minimum e?cient scale?
A) The minimum e?cient scale is the size of operation with the lowest average cost.
B) The minimum e?cient scale is the minimum quantity that the ?rm can produce given the
C) The minimum e?cient scale is the scale of operation of the smallest ?rm in the industry.
D) The minimum e?cient scale identi?es the method by which a ?rm can produce a given
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