To say that preferences are single peaked means that everybody either prefers more public goods to less or everybody prefers less public goods to more.

Question

Quizplus · Accepted Answer

Single-peaked preferences refer to the idea that individuals have a most-preferred level of a public good (or any good/issue) and that their satisfaction decreases as they move away from this ideal point in either direction, not that they universally prefer more or less of it.

To Say That Preferences Are Single Peaked Means That Everybody