Economics A-Level
Minimum efficient scale
What Minimum efficient scale means in Economics A-Level, as defined for AQA.
Definition of Minimum efficient scale
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Reference: AQA
The lowest level of output at which a firm can fully exploit all internal economies of scale, reaching the lowest point on its long-run average cost curve.
Topics that use Minimum efficient scale
- Economies and diseconomies of scale (AQA A-Level)
Related terms
- Alienation
- Diseconomies of scale
- Economies of scale
- Empirical evidence
- External economies of scale
- Internal economies of scale
- Long-run average cost (LRAC) curve
- Market structure
Using Minimum efficient scale in the exam
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