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Minimum efficient scale and market concentration | APⓇ Microeconomics | Khan Academy

13,095 views

Khan Academy

Video Language:

  • English

Caption Language:

  • {{captionLanguage | language_name}} ({{captionLanguage}})

Accent:

  • English (US)

Speech Time:

98%
  • 6:02 / 6:07

Speech Rate:

  • 172 wpm - Fast

Category:

  • Education

Tags :

Intro:

Video Vocabulary

because

/bēˈkəz/

conjunction

For a reason.

another

/əˈnəT͟Hər/

adjective determiner pronoun

One more, but not this. used to refer to additional person or thing of same type as one. One more (thing).

efficient

/əˈfiSHənt/

adjective

achieving maximum productivity with minimum wasted effort or expense.

getting

/ɡet/

verb

To prepare for use.

smallest

/smôl/

adjective

Least in amount or the least large in size.

impacts
noun other verb

action of one object striking another. Acts or forces of one thing hitting something else. To hit or strike someone or something with force.

declining

/dəˈklīniNG/

adjective verb

becoming smaller, fewer, or less. To lessen in quality or value.

minimum

/ˈminəməm/

adjective noun

smallest or lowest. Smallest degree or level that is acceptable.

abbreviated

/əˈbrēvēˌādəd/

adjective verb

shortened. To shorten a word or phrase by leaving out letters.

sometimes

/ˈsəmˌtīmz/

adverb

occasionally, rather than all of time.

thinking

/ˈTHiNGkiNG/

adjective noun verb

using thought or rational judgement. process of considering or reasoning about something. To have an idea, opinion or belief about something.

concept

/ˈkänˌsept/

noun

abstract idea.

average

/ˈav(ə)rij/

adjective noun verb

constituting result found by dividing total amount. number expressing the central or typical value in a set of data. amount to or achieve as average rate or amount over period of time.

economies

/əˈkänəmē/

noun other

state of area regarding production and consumption of goods and services. Total of all goods, services and wages in an area.

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