(2013) The directional profit efficiency measure: on why profit inefficiency is either technical or allocative. Journal of Productivity Analysis 40(3): 257-266.Zofio J L, Pastor J T, Aparicio J. The directional profit efficiency measure: On why profit inefficiency is either technical or ...
Why is low and zero inflation bad? Explain why the wage-setting (WS) curve is negatively sloped. In a perfectly competitive labor market, why does the imposition of a minimum wage above the equilibrium wage level lead to allocative inefficiency?
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In a perfectly competitive labor market, why does the imposition of a minimum wage above the equilibrium wage level lead to allocative inefficiency? Why is a higher minimum wage more popular than a UBI, when most mainstream economists would argue that...
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Because it produces both Allocative and Productive inefficiency c. Because a monopoly does not promote income equality d. A Why is a single-price monopoly inefficient? How does a monopoly that competes for price compare to a perfectly competitive firm, and wha...
Explain allocative efficiency. Does allocative effic Is there a way to explain productive efficiency as one of the components of the economic efficiency? Explain what is meant by an externality and describe what p...