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Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371 Exercise 18
Each member of a group has transitive preferences. But when a vote is taken, the collective preferences of the group are not transitive. This anomaly is referred to as the ________.
A) Agenda paradox
B) Independence of irrelevant alternatives
C) Condorcet paradox
D) Reversal paradox
A) Agenda paradox
B) Independence of irrelevant alternatives
C) Condorcet paradox
D) Reversal paradox
Explanation
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Verified
According to the law of transitivity, wi...
Economic Analysis of Social Issues 1st Edition by Alan Grant
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