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insherro insherro
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8 years ago
The "minimum efficient scale" of operation in an industry is defined as:
A) the smallest plant size that can be operated by firms in the industry.
B) the scale of operation at which economies of scale are exhausted.
C) the smallest number of firms that could effectively meet demand for an industry's output.
D) the scale of operation by firms in an industry that is least efficient.
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Economics for Managers

Economics for Managers


Edition: 3rd
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University of Ottawa - Economics for Managers
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toogootoogoo
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8 years ago
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