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Industrial Organisation 2022

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Question:

What is minimum efficient scale (MES)

Author: Hjalmer Pedersen


Answer:

Minimum efficient scale (MES): all economies of scale are exhausted and the firm experiences constant returns to scale. A firm is most efficient working at this level as they use all savings of economies of scale.


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Minimum efficient scale (MES): all economies of scale are exhausted and the firm experiences constant returns to scale. A firm is most efficient working at this level as they use all savings of economies of scale.
1 answer(s) in total

Author

Hjalmer Pedersen
Hjalmer Pedersen