Minimum efficient scale is:
A)the lowest level of efficiency the firm can achieve.
B)the highest level of output the firm can achieve.
C)the lowest level of long-run average cost.
D)the smallest quantity at which the long-run average cost achieves a minimum.

Question

Quizplus · Accepted Answer

Minimum efficient scale refers to the smallest quantity of production at which the long-run average costs are minimized.

Minimum Efficient Scale Is