What is true at the minimum efficient scale?
A)All possible economies of scale have not been exhausted.
B)The firm has achieved the lowest possible average cost of production.
C)Any increases in the scale of operation will encounter further economies of scale.
D)Marginal cost is at its minimum.

Question

Quizplus · Accepted Answer

At the minimum efficient scale, the firm has achieved the lowest possible average cost of production.

What Is True at the Minimum Efficient Scale