____ is best described as the output range needed to bring down the cost per unit as much as possible, allowing a firm to stake out the lowest-cost position that is achievable through economies of scale.

____ is best described as the output range needed to bring down the cost per unit as much as possible, allowing a firm to stake out the lowest-cost position that is achievable through economies of scale.



A. Minimum efficient scale


B. Break-even output


C. Maximum output capacity


D. Optimum sustainable yield


Answer: minimum efficient scale


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