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What is the minimum efficient scale (MES) in industrial o... | QuestionStock

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Economics

What is the minimum efficient scale (MES) in industrial organization?

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What is the minimum efficient scale (MES) in industrial organization?

Options:

The minimum price a firm must charge to avoid bankruptcy
The lowest output at which long-run average cost is near its minimum
The number of firms required for perfect competition
The output level beyond which diseconomies of scale begin

Correct answer: The lowest output at which long-run average cost is near its minimum

Explanation: MES is the smallest output level at which a firm's long-run average cost reaches or approaches its minimum; it is located at the bottom portion of the LRAC curve and influences industry concentration.

Created 2026-03-10T18:48:41.339Z. Updated 2026-03-10T18:48:41.339Z.