Curated by
ACT
Minimum efficient scale (MES) is the quantity at which a firm's long run average total cost curve stops falling, and the size of a firm's MES relative to the size of the market has a strong influence on market structure--large MES is associated with more concentrated markets.
3 Views
0 Downloads
Resource Details
Start Your Free Trial
Save time and discover engaging curriculum for your classroom. Reviewed and rated by trusted, credentialed teachers.