A person for whom the marginal benefit of a public good declines as more is made available has single-peaked preferences.

Question

Quizplus · Accepted Answer

Single-peaked preferences refer to a situation in which an individual's utility depends on a single attribute, such as the quantity of a public good. In this case, the marginal benefit of the public good initially increases but eventually declines, resulting in a bell-shaped curve of preferences.

A Person for Whom the Marginal Benefit of a Public