If the supply of public goods is determined by majority vote, then the outcome must be Pareto optimal.

Name: If the supply of public goods is determined by majority vote, then the outcome must be Pareto optimal.
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Quizplus · Accepted Answer

Majority vote only ensures that a decision is made, but it does not guarantee that the outcome is Pareto optimal. In fact, the outcome may not even be efficient or equitable for all members of society.

If the Supply of Public Goods Is Determined by Majority