A Minimum Efficient Plant Size Is

question 11

Multiple Choice

A minimum efficient plant size is:

• A)The minimal size of a plant that achieves an equilibrium between fixed and variable costs
• B)The starting point in terms of output volume for meeting market price at a minimum profit
• C)The minimum size of a plant that acquires the largest market share
• D)The minimum size of a plant that is required for efficient R&D

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