If preferences are one-dimensional and preferences are single peaked,majority rule will result in selection of the project most favored by
A) no one.
B) the median voter.
C) the average voter.
D) everyone.
Correct Answer:
Verified
Q24: Consider four possible benefits of a water
Q25: Common property
A)is owned by specific people.
B)is inexhaustible.
C)refers
Q26: Perfectly competitive markets will tend to under-allocate
Q27: Left to their own,private markets tend to
A)under-allocate
Q28: Efficient production of a public good requires
A)that
Q29: Special interest groups often
A)represent broad questions of
Q30: If bargaining is costless,the assignment of property
Q31: The opportunity cost doctrine suggests that which
Q32: The "free-rider problem" of public goods refers
Q34: Externalities between two firms can be "internalized"
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