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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

Suppose there is an election for Soft Drink Commissioner. The field consists of one candidate hunt the Pepsi petty and four from the Coca-Cola party. This would seem to indicate a strong preference for Coca-Cola among the voting population, but the Pepsi candidate ends up winning in a landslide. Why does this happen?

To determine

The reason for winning of P’s party after having one candidate in front of four candidates of C’s party is to be determined.

Explanation

The C Company seems to be stronger and preferred among voting population and has four candidates for the election against the one candidate of P party. The losing reason for the C party is their four candidates as after having strong preference they lose because the votes for the party got split among the four candidates which gives the other p...

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