The socially optimal firm size is the size for a company in a given industry at a given time which results in the lowest production costs per unit of output...

buying them from other firms. Diseconomies of scale Economies of scale Free entry Barriers to entry Socially optimal firm size Cost curve "Minimum Efficient...

producer most efficient – this is called a natural monopoly. Socially optimal firm size N. Gregory Mankiw, Principles of Economics. Fort Worth: Harcourt...

minimum point prior to that of the Average Cost curve. Cost curve Socially optimal firm size Average variable cost Average fixed cost Gelles, Gregory M., and...

ecosystem Extrapreneur Innovation Small Business Administration Socially optimal firm size Stewardship University spin-off "Entrepreneur: What It Means to...

Long-run cost curve Partial equilibrium Point of total assumption Socially optimal firm size The slope of the short-run production function equals the marginal...

the horizontal axis of the graph and cost on the vertical axis. Socially optimal firm size Fuss M.A. (1987) Production and Cost Functions. In: Palgrave Macmillan...

differential advantage in expanding the size of the firms. That growth economies disappear once the scale size expansion process is completed. For example...

differentiation Resource-based view Risk Risk management Social enterprise Socially optimal firm size Substitute good Supply and demand Uncertainty Water grabbing...

that good. As a result, the socially optimal production level would be lower than that observed. When the marginal social cost of production is less than...