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.

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The Answer of 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.

What Does the Term Minimum Efficient Scale Mean