Minimum efficient scale (MES)
What Minimum efficient scale (MES) means in Economics A-Level, as defined for AQA.
Definition of Minimum efficient scale (MES)
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Reference: AQA
The lowest point of the LRAC curve, where all economies of scale have been fully exploited.
Topics that use Minimum efficient scale (MES)
- 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 (MES) in the exam
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