Describe the Concept of Minimum Efficient Scale

question 25

Essay

Describe the concept of minimum efficient scale. Discuss the implications of minimum efficient scale.

---

Definitions:

Contingent

Depending on something else in the future to happen, often used to describe conditions or stipulations.

Co-occurred

Refers to events or phenomena that happen at the same time or in conjunction with each other.

Generalization Behavior

The process by which an organism makes a response to a stimulus that is similar to, but not identical to, a previously encountered stimulus.

Operant Box

An experimental apparatus used in behavioral psychology to study the learning behavior of animals, particularly through reinforcement and punishment.