The Term Minimum Efficient Scale Means

The term minimum efficient scale means:

A) the output corresponding to the minimum point of the short run average total cost curve.
B) the total of all efficient points along the long-run average-cost curve.
C) diseconomies of scale.
D) the minimum point of the long-run average-cost curve,or the output level at which the cost per unit of output is the lowest.
E) the maximum point of the long-run average-cost curve,or the output level at which the cost per unit of output is the highest.

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