The minimum efficient scale in the figure below shows that 
A) point A is the minimum efficient scale (MES) for the firm.
B) point B is the minimum efficient scale (MES) for the firm.
C) the long-run average cost curve (LAC) reaches a minimum point at B.
D) the minimum efficient scale (MES) illustrates maximum average costs.
Correct Answer:
Verified
Q363: Minimum efficient scale is defined as
A) the
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Q385: "The short-run average total cost curve and
Q387: What factors generate economies of scale?
Q388: For an industry in which average costs
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Q390: "If an industry's minimum efficient scale is
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