The Condorcet paradox reinforces the notion that:
A)majority rule ensures transitive preferences for society
B)democratic institutions will produce the outcome desired by the median voter
C)governments make better choices than markets
D)majority rule does not ensure transitive preferences for society

Question

Quizplus · Accepted Answer

The Condorcet paradox shows that majority rule may not ensure transitive preferences for society, as it is possible for contradictory preferences to arise among a group of individuals even when each individual's preferences are transitive. This illustrates a limitation of democracy and the potential for instability in decision-making processes based solely on majority rule.

The Condorcet Paradox Reinforces the Notion That