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General and administrative costs have also defied expectations of economics of scale, hanging in at 15% of revenue.
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Among the likely winners in the fragmented and mostly small-scale fish producing industry are either suppliers to farmers or companies that can obtain economics of scale in ocean fishing.
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We call that operating system elastic to signal the way that it breaks with the scale economics of the 20th and early 21st centuries.
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While online advertising growth continues, there are significant benefits of scale in advertising platform economics, in capital costs for search index build-out, and in research and development, making this a time of industry consolidation and convergence.
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Modern economics also emphasises the importance of dynamic gains, arising especially from the economies of scale that freer trade makes possible.
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While the residents of Samso can take advantage of their island's blustery weather, open spaces and low-population density to be carbon neutral, the success of wind energy on a global scale may come down to simple economics.
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Economics 101 tells us that this is exactly the type of industry in which the banks could gain economies of scale and create tremendous value by consolidation around open industry standards and a common technology platform.
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