Minimum efficient scale
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.
Efficient markets theory(EMT)Efficient markets theory(EMT)
Principle that all assets are correctly priced by the market, and that there are no bargains.
Efficient setEfficient set
Graph representing a set of portfolios that maximize expected return at each level of portfolio risk.
Efficient allocationEfficient allocation
An allocation that it is impossible unambiguously to improve upon, in the sense of producing more of one good without producing less of another.
Efficient frontierEfficient frontier
The combinations of securities portfolios that maximize expected return for any level of expected risk, or that minimizes expected risk for any level of expected return. Pioneered by Harry Markowitz.
Efficient diversificationEfficient diversification
The 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.
Further SuggestionsEfficient market
Earnings response coefficient
Coefficient of Variation
Coefficient of determination
Information Coefficient (IC)
Operationally efficient market
Internally efficient market
efficient market theory
Efficient capital market