The political equilibrium in a local jurisdiction for a given public good corresponds to the median most-preferred outcome of:

Question

Quizplus · Accepted Answer

The political equilibrium in a local jurisdiction refers to the outcome that is most preferred by the local voters. It is not influenced by the preferences of national voters or the President. Therefore, option C is the correct choice. Option D is also partially correct as it includes local voters, but it is incorrect to include all national voters as the decision-making process in a local jurisdiction is specific to that jurisdiction. Option A and B are incorrect as they do not take into account the preferences of the relevant stakeholders in the local jurisdiction.

The Political Equilibrium in a Local Jurisdiction for a Given