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In industrial organization, the minimum efficient scale (MES) or efficient scale of production is the lowest point where the plant (or firm) can produce such that its long run average costs are minimized with production remaining effective. It is also the point at which the firm can achieve necessary economies of scale for it to compete effectively…
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scale cost firm average minimum efficient market economies production curve mes number firms l-shaped marginal likely size long run costs
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Minimum efficient scale | related to MES in L-shaped cost curve | Modern | 0.60 | section |
| Minimum efficient scale | related to MES in L-shaped cost curve | U-shaped | 0.60 | section |
| Minimum efficient scale | related to MES in L-shaped cost curve | L-shaped | 0.60 | section |
| Minimum efficient scale | related to MES in L-shaped cost curve | In | 0.60 | section |
| Minimum efficient scale | related to MES in L-shaped cost curve | MES | 0.60 | section |
| Minimum efficient scale | related to MES in L-shaped cost curve | However | 0.60 | section |
| Minimum efficient scale | related to MES in L-shaped cost curve | For | 0.60 | section |
| Minimum efficient scale | related to MES in L-shaped cost curve | Secondly | 0.60 | section |
| Minimum efficient scale | related to MES in L-shaped cost curve | Thirdly | 0.60 | section |
| Minimum efficient scale | related to Relationship to market structure | The | 0.60 | section |
| Minimum efficient scale | related to Relationship to market structure | For | 0.60 | section |
| Minimum efficient scale | related to Relationship to market structure | However | 0.60 | section |
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