If the "Minimum Efficient Scale" in an Industry Is at 25

question 236

Multiple Choice

If the "minimum efficient scale" in an industry is at 25 percent of market sales, what is the maximum number of efficient firms the economy can support in this industry?

• A)75
• B)25
• C)10
• D)4

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Definitions:

Ventricles of the Brain

Cerebral cavities filled with cerebrospinal fluid that help protect the brain from injury and provide it nutrients.

Cerebrum

The largest part of the brain, responsible for voluntary muscular activity, vision, speech, taste, hearing, thought, and memory.

Cranial Cavity

The space within the skull that houses the brain and other structures related to the central nervous system.

Mesonephros

A phase in the development of the vertebrate urinary and reproductive organs, serving as a temporary kidney during certain stages of embryonic development.