Erdős Problem 1118: finite-area tracts force rapid growth
Statement and scope
Suppose $f$ is a nonconstant entire function and $E(c)=\{z:|f(z)|>c\}$ has finite planar area for some $c$. Necessarily $c>0$. The known sharp growth condition is convergence, for sufficiently large $R_0$, of \[
\int_{R_0}^{\infty}\frac{r}{\log\log M(r,f)}\,dr.
\tag{1}
\] Writing the lower endpoint as zero is shorthand: the denominator need not even be positive at small radii. Camera and Gol'dberg proved the sharp theorem. We prove necessity of $1$ from a precisely stated Carleman--Tsuji estimate, and show the stronger pointwise consequence $\log\log M(r,f)/r^2\to\infty$. The sharp converse and threshold examples remain unresolved in this attempt.
The external tract inequality
Choose $c_1>c$ which is not the modulus of a critical value of $f$, and let $U$ be a component of $\{|f|>c_1\}$. Such a component exists by Liouville's theorem and is unbounded: a bounded one contradicts the maximum modulus principle with boundary modulus $c_1$. Its complement is unbounded because it has finite area. The regular choice of level gives the usual smooth local boundary condition for a direct tract.
Let $\theta(t)$ be the angular measure of $U\cap\{|z|=t\}$. Since $U$ is open, connected and unbounded, $\theta(t)>0$ for all sufficiently large $t$. Put $\theta^*(t)=\theta(t)$ unless the whole circle lies in $U$, in which case put $\theta^*(t)=\infty$. We use the standard estimate \[
\log\log M(r,f)\ge
\pi\int_{r_0}^{r/2}\frac{dt}{t\theta^*(t)}-C
\qquad(r\text{ sufficiently large}).
\tag{2}
\] This is the Carleman--Tsuji direct-tract inequality, in the form $1.7$ of the revised Aspenberg--Bergweiler paper (equation $1.6$ in the original arXiv version), Entire functions with Julia sets of positive measure, https://analysis.math.uni-kiel.de/bergweiler/papers/89.pdf. Applying their formula to $f/c_1$ changes only a bounded term at large $r$. Inequality $2$ is external; it is not the sharp finite-area theorem being investigated.
Controlling the exceptional full circles
Polar coordinates give \[
A:=\int_{r_0}^{\infty}t\theta(t)\,dt<\infty.
\] Let $B$ be the set of radii $t\ge r_0$ whose entire circles belong to $U$. Then $\int_B t\,dt\le A/(2\pi)$. For large $r$, the set \[
J_r=[r/4,r/2]\setminus B
\] has length at least $r/8$, since the removed length is at most $4A/(2\pi r)$. Define \[
a(r)=\int_{r/4}^{r/2}t\theta(t)\,dt.
\] Cauchy--Schwarz, applied only on $J_r$, yields \[
\int_{r/4}^{r/2}\frac{dt}{t\theta^*(t)}
=\int_{J_r}\frac{dt}{t\theta(t)}
\ge\frac{|J_r|^2}{\int_{J_r}t\theta(t)\,dt}
\ge\frac{r^2}{64a(r)}.
\] Therefore $2$ implies, after increasing the lower threshold, \[
\log\log M(r,f)\ge c_0\frac{r^2}{a(r)}
\tag{3}
\] for some positive constant $c_0$. The fixed subtractive constant in $2$ is absorbed because $a(r)\le A$ and $r^2/A\to\infty$. Since $a(r)\to0$, $3$ proves \[
\frac{\log\log M(r,f)}{r^2}\longrightarrow\infty.
\] In particular such a function has infinite order. The treatment of $B$ matters: replacing $\theta^*$ by $\theta$ without checking full circles would not be justified.
The integral necessity
From $3$, nonnegativity and Tonelli's theorem, \[
\begin{split}
\int_{R_0}^{\infty}\frac{r}{\log\log M(r,f)}\,dr
&\le c_0^{-1}\int_{R_0}^{\infty}\frac{a(r)}r\,dr\\
&\le c_0^{-1}\int_{R_0/4}^{\infty}
t\theta(t)\left(\int_{2t}^{4t}\frac{dr}r\right)dt\\
&\le c_0^{-1}(\log2)A<\infty.
\end{split}
\] Changing $R_0$ only changes a finite initial integral. This establishes the full necessary growth condition, relative to $2$.
What the threshold question requires
The set $T=\{c>0:|E(c)|<\infty\}$ is upward closed, since $E(c')\subseteq E(c)$ when $c'>c$. Thus a nonempty $T$ is $(m,\infty)$ or $[m,\infty)$ for some $m\ge0$, intersected with $(0,\infty)$. This elementary classification does not determine whether the endpoint can belong to $T$. Gol'dberg's construction realizes both alternatives for every $m>0$, so a smaller level need not exist. That construction, and examples demonstrating sharpness of $1$, are not supplied here. In particular the necessity proof cannot be presented as a proof of either existence assertion.
Assessment and sources
The finite-area growth obstruction, its pointwise strengthening and the integral necessity are proved from the stated analytic input. The two existence portions remain missing. Sources:
https://www.erdosproblems.com/1118; G. Camera,
On the minimum rate of growth of certain classes of integral and subharmonic functions, PhD thesis $1977$; A. A. Gol'dberg,
Sets on which the modulus of an entire function has a lower bound, Sibirsk. Mat. Zh. 20 $1979$, 512--518; and the primary Carleman--Tsuji formulation linked above. No novelty is claimed.
COMPLETION ESTIMATE
COMPLETION: 65%