Meaning minimum efficient scale
What does minimum efficient scale mean? Here you find 3 meanings of the word minimum efficient scale. You can also add a definition of minimum efficient scale yourself
1 |
0
0
minimum efficient scaleThe smallest output of a firm consistent with minimum average cost. In small countries, in some industries the level of demand in autarky is not sufficient to support minimum efficient scale. If there [..]
|
2 |
0
0
minimum efficient scaleThe quantity of production that places a firm at the lowest point on its long-run average cost curve. The minimum efficient scale is highly prized by economists because it achieves production of a goo [..]
|
3 |
0
0
minimum efficient scaleDefinition The smallest output of a firm consistent with minimum average cost. In small countries, in some industries the level of demand in autarky is not sufficient to support minimum efficient scal [..]
|
| << money functions | market period >> |
Dictionary.university is a dictionary written by people like you and me.
Please help and add a word. All sort of words are welcome!
Add meaning
Please help and add a word. All sort of words are welcome!