Explaining the Minimum Efficient Scale
Автор: tutor2u
Загружено: 2023-03-11
Просмотров: 4420
Описание:
This short topic video looks at the concept of Minimum Efficient Scale and considers it in the context of pharmaceuticals production. Minimum efficient scale (MES) is the smallest level of output in the long run that a firm can produce while still taking advantage of internal economies of scale, resulting in the lowest possible long-run average cost (LRAC).
#edexceleconomics #ibeconomics #economics #microeconomics #tutor2ueconomics
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