Home > Term: maximum economic yield (MEY)
maximum economic yield (MEY)
This is the total amount of profit that could be earned from a fishery if an individual owned it. An open-entry policy usually results in participation by so many fishermen that profits higher than opportunity cost (economic rent) are driven to zero.
- Sõnaliik: noun
- Valdkond/domeen: Fishing
- Category: Marine fishery
- Organization: NOAA
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- J Thomas
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