Simple majority rule will almost always generate efficient outcomes.

Name: Simple majority rule will almost always generate efficient outcomes.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Simple majority rule may not always generate efficient outcomes as it can lead to the tyranny of the majority where a majority imposes its will on a minority, leading to outcomes that might not be socially optimal. It may also not take into account the preferences of minority groups and lead to incomplete representation.

Simple Majority Rule Will Almost Always Generate Efficient Outcomes