Multiple Choice
What does the term minimum efficient scale mean?
A) The largest-size plant capable of achieving minimum long-run average cost.
B) The lowest average cost of production for a particular size of plant.
C) The smallest size of plant capable of producing a particular output.
D) The lowest level of efficiency which a firm is capable of producing.
E) The smallest-size plant capable of achieving minimum long-run average cost.
Correct Answer:

Verified
Correct Answer:
Verified
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