The median voter theorem states that the outcome of a majority vote is likely to represent the preferences of the voter who is in the political middle.

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The statement correctly describes the median voter theorem. According to this theorem, in a two-party system with a single dimension of political ideology, the candidate who positions themselves closest to the middle of the ideological spectrum is most likely to win elections because they capture a majority of voters who have moderate or centrist views. Therefore, the outcome of the election tends to reflect the preferences of the median voter.

The Median Voter Theorem States That the Outcome of a Majority