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Minimum efficient scale |
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Minimum efficient scaleThe smallest output of a firm consistent with minimum average cost. In small countries, in some industries the level of demand in autarky is not sufficient to support minimum efficient scale.Similar MatchesInformation Coefficient (IC)Information Coefficient (IC)The correlation between predicted and actual stock returns, sometimes used to measure the contribution of a financial analyst. An IC of 1.0 indicates a perfect linear relationship between predicted and actual returns, while an IC of 0.0 indicates no linear relationship. Operationally efficient marketOperationally efficient marketMarket in which investors can obtain transactions services that reflect the true costs associated with furnishing those services. Also called an internally efficient market. Efficient diversificationEfficient diversificationThe organizing principle of modern portfolio theory, which maintains that any risk-averse investor will search for the highest expected return for any particular level of portfolio risk. Efficient marketEfficient marketA market in which, at a minimum, current price changes are independent of past price changes, or, more strongly, price reflects all (publicly) available information. Some believe foreign exchange markets to be efficient, which in turn implies that future exchange rates cannot profitably be predicted. Efficient capital marketEfficient capital marketA market in which new information is very quickly reflected accurately in share prices. Further Suggestionsefficient market theoryInternally efficient market Inefficient portfolio Correlation coefficient Coefficient of Variation Coefficient of determination Efficient frontier Efficient allocation Efficient set Efficient markets theory(EMT) Regression coefficient Gini Coefficient Efficient market Earnings response coefficient |
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