The "Minimum Efficient Scale" of Operation in an Industry Is

question 12

Multiple Choice

The "minimum efficient scale" of operation in an industry is defined as:

• A)the smallest plant size that can be operated by firms in the industry.
• B)the scale of operation at which economies of scale are exhausted.
• C)the smallest number of firms that could effectively meet demand for an industry's output.
• D)the scale of operation by firms in an industry that is least efficient.

---

Definitions:

Incinerated Appearance

Describes an object or body that looks as if it has been burned to ashes, indicating complete combustion or destruction by fire.

The Perfect Moment

Often used in art and photography, it refers to capturing or creating an instance that epitomizes a particularly impactful, beautiful, or ephemeral event.

Gay Artist

An artist who identifies as gay and may explore themes related to their identity, sexuality, and experiences through their work.

Chris Ofili

A British artist known for his intricate and colorful artworks that often incorporate materials such as elephant dung.