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Time left 0 : 1 6 : 0 4 What does the term minimumefficientscale mean? a . The largest - size plant capable of achieving
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What does the term minimumefficientscale mean?
a The largestsize plant capable of achieving minimum longrun average cost.
b The lowest average cost of production for a particular size of plant.
c The smallest size of plant capable of producing a particular output.
d The lowest level of efficiency which a firm is capable of producing.
e The smallestsize plant capable of achieving minimum longrun average cost.
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