BuyFind

Principles of Microeconomics

7th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781305156050
BuyFind

Principles of Microeconomics

7th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781305156050

Solutions

Chapter
Section
Chapter 22, Problem 4CQQ
Textbook Problem

The Condorcet paradox illustrates Arrow’s impossibility theorem by showing that pairwise majority voting

a. is inconsistent with the principle of unanimity.

b. leads to social preferences that are not transitive.

c. violates the independence of irrelevant alternatives.

d. makes one person in effect a dictator.

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Chapter 22 Solutions

Principles of Microeconomics

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