In a simple majority vote,the losses to the losers are greater than the gains to the winners.It follows that the
A) outcome of the vote is efficient.
B) outcome of the vote is inefficient.
C) outcome of the vote will be nullified (most likely by the Courts).
D) vote has generated net benefits.
E) none of the above

Question

Quizplus · Accepted Answer

In a situation where the losses to the losers outweigh the gains to the winners, an inefficient outcome is produced. This is because the overall result is not socially desirable, as the costs to a large group of people outweigh the benefits to a smaller group.

In a Simple Majority Vote,the Losses to the Losers Are