The voting paradox suggests that the "voting market," as represented by elections
A) lead to a superior outcome in representing consumer preferences compared to the private market for goods and services.
B) may often lead to an inefficient outcome in representing consumer preferences compared to the private market for goods and services.
C) is no different from the private market for goods and services in terms of representing consumer preferences.
D) may not lead to an efficient outcome but certainly leads to a more equitable outcome in terms of distributing goods and services.

Question

Quizplus · Accepted Answer

The voting paradox suggests that, in certain circumstances, the outcome of an election may not accurately reflect the preferences of the voters. This inefficiency is a potential weakness of the voting market and suggests that it may not always be able to generate outcomes that are as efficient as the outcomes produced by the private market for goods and services. Therefore, option B is the best choice.

The Voting Paradox Suggests That the "Voting Market," as Represented