The voting paradox suggests that the "voting market," as represented by elections
A)leads 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 highlights the possibility of an inefficient outcome in representing consumer preferences through elections. This is because of the possibility of cyclical preferences and strategic voting, among other factors. Therefore, option B best reflects the implications of the paradox for the voting market. The other options do not accurately capture the paradox or its implications.

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