Question: Minimum-efficiency scale refers to the: Multiple choice question. highest level of output at which the long-run average total cost is minimized. lowest level of output

Minimum-efficiency scale refers to the: Multiple choice question. highest level of output at which the long-run average total cost is minimized. lowest level of output at which the short-run average total cost is minimized. highest level of output at which the short-run average total cost is minimized. lowest level of output at which the long-run average total cost is minimized

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