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6.2.6. Maximum Economic yield (MEY)
6.2.6. Maximum Economic yield (MEY)
Maximum Economic yield (MEY), is the value of largest positive difference between total revenues from and total costs of fishing with all input valued at their opportunity costs when relating total resources from fishing to total fishing effort in surplus production model. It is also called as Economic Optimal Catch.
Last modified: Friday, 22 June 2012, 6:57 AM