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Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
A firm's [...] is represented by the minimum point on the LRATC curve and is the firm size that will minimize average unit costs.
Answer
minimum efficient scale

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
A firm's [...] is represented by the minimum point on the LRATC curve and is the firm size that will minimize average unit costs.
Answer
?

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
A firm's [...] is represented by the minimum point on the LRATC curve and is the firm size that will minimize average unit costs.
Answer
minimum efficient scale
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A firm's minimum efficient scale is represented by the minimum point on the LRATC curve and is the firm size that will minimize average unit costs.

Original toplevel document (pdf)

owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p88

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