The optimal collective decision rule _____.
A) will be 100 percent if collective decision-making costs are high
B) will be simple majority rule if external costs are extremely large
C) has declining external costs as voting rule moves from unanimity
D) is likely to be less than majority rule
Correct Answer:
Verified
Q2: The point where the sum of the
Q3: With a unanimity decision-making rule,external costs are
Q4: The optimal collective decision rule is found
Q5: Which of the following is not true
Q6: In the context of collective decision-making,external costs
Q7: It is correct to say that individuals
Q8: Translating the preferences of each individual into
Q9: Which of the following is not a
Q10: _ increase as we move away from
Q11: From an economic standpoint,if one believes that
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