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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

True or false: Majority rule can fail to produce a single preferred outcome when there are more than two choices.

To determine

The correctness that whether the majority rule can fail or not to produce a single preferred outcome at the time of more than two choices.

Explanation

The voting cycle refers to the scenario in which choice A has more votes in majority in comparison to choice B, choice B has more votes in majority in comparison to choice C, and choice C has more votes in majority in comparison to choice A. This scenario makes determination difficult for the majority approval...

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