-The minimum efficient scale for the firm in Figure 11-11 A) is less than Q₁ B) is Q₁ C) is Q₂ D) is Q₃ E) cannot be determined from this graph

Question

Quizplus · Accepted Answer

The minimum efficient scale (MES) refers to the lowest level of production at which a firm can achieve the economies of scale necessary for it to be competitive within its industry. Without seeing Figure 11-11, it's impossible to determine the MES, hence the correct answer is that it cannot be determined from the information provided.

-The Minimum Efficient Scale for the Firm in Figure 11-11