“there are also economies of scale that increase efficiency. There are fixed expenses that only large institutions can afford, that make marginal production cheaper.” This seems to be decreasing over time — the fixed costs of e.g. advertising and cloud computing are nearly nil
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That could be why so much venture capital goes to Facebook & Google (according to this http://thetwentyminutevc.com/micheleromanow/ ), without their services several startups would not be viable, due to the high fixed costs of e.g. TV advertising and buying servers.
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Love this. Thanks for posting it.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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