This study differs from others in that the model produces an environmental efficiency measure decomposed into technical and allocative efficiencies. The model involves nitrogen and phosphorus emission, and environmental efficiency is measured using Data Envelopment Analysis (DEA). Data were drawn from the...
Perfect competition is a market structure characterized by a large number of firms which sell identical products and for which there is free entry into the market. Perfectly competitive firms take the market price as given and face a perfec...
The condition of scarcity: a. cannot be eliminated. b. prevails in poor economies. c. prevails in rich economies. d. all of the above are correct Central Problems of an Economy: The central problems of an economy is what to produce...