The minimum efficient scale is:
A. the quantity after which it makes no sense for a firm to produce.
B. the minimum quantity where a firm would be able to produce profitably.
C. the output level beyond which the firm will not experience scale economies.
D. the output level beyond which the firm will experience scale economies.
Answer:C
The minimum efficient scale is:
A. the quantity after which it makes no sense for a firm to produce. B. the minimum quantity where a firm would be able to produce profitably. C. the output level beyond which the firm will not experience scale economies. D. the output level beyond which the firm will experience scale economies.