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minimum efficient scale

The smallest output of a firm consistent with minimum average cost. In small countries, in some industries the level of demand in autarky is not sufficient to support minimum efficient scale.

Related information about minimum efficient scale:
  1. Minimum efficient scale - Wikipedia, the free encyclopedia
    Minimum efficient scale (MES) or efficient scale of production is a term used in industrial organization to denote the smallest output that a plant (or firm) can ...
     
  2. Minimum Efficient Scale Definition | Investopedia
    In classical economics, the minimum efficient scale is defined as the lowest production point at which long-run total average costs (LRATC) are minimized.
     
  3. Tutor2u - Minimum Efficient Scale
    The minimum efficient scale (MES) is the output for a business in the long run where the internal economies of scale have been fully exploited. It corresponds to ...
     
  4. minimum efficient scale - AmosWEB
    The quantity of production that places a firm at the lowest point on its long-run average cost curve. The minimum efficient scale achieves production of a good at ...
     
  5. HowTo: Minimum Efficient Scale « Economic Objectorvism
    Jul 27, 2007 ... Minimum Efficient Scale refers to a situation in which the economies of scale for a given business/firm/industry have been “fully exploited” ...
     
  6. What is minimum efficient scale? definition and meaning
    Definition of minimum efficient scale: The minimum production output that a company can attain with a minimum of long term average costs. The minimum ...
     
  7. Minimum efficient scale: Definition from Answers.com
    Minimum Efficient Scale The smallest amount of production a company can achieve while still taking full advantage of economies of scale with regards to.
     
  8. Economies of scale
    A firm's minimum efficient scale (MES) is the lowest scale necessary to ... Minimum efficient scale affects the number of firms that can operate in a market, and the ...