The level of output at which most plant-level economies of scale are exhausted is referred to as the:

Question

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The level of output at which most plant-level economies of scale are exhausted is referred to as the minimum efficient scale (MES). At MES, a firm achieves the lowest unit cost possible, and beyond this level, further growth does not result in significant cost savings. Therefore, MES is the point at which most plant-level economies of scale are exhausted.

The Level of Output at Which Most Plant-Level Economies of Scale