A firm reaches the minimum efficient scale in the short run.

Name: A firm reaches the minimum efficient scale in the short run.
Brand: Quizplus
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Quizplus · Accepted Answer

The minimum efficient scale refers to the lowest output level at which a firm can operate at the lowest possible average cost in the long run. In the short run, a firm may not be able to fully optimize its production process and achieve the minimum efficient scale, so it is not necessarily true that a firm reaches the minimum efficient scale in the short run.

A Firm Reaches the Minimum Efficient Scale in the Short