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True or false: Majority rule can fail to produce a single preferred outcome when there are more than two choices
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Chapter 18
Public Economy
Introduction
Markets and Welfare
The Economics of the Public Sector
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So it is true to say that majority rule can fail to produce a single preferred outcome when there are more than two choices. There's a great diagram in the book. I believe it's about different choices of food, but we can just use simple letters here. So let's say you have three choices A, B and C Now a let's say is preferred to be B is preferred to see and C is preferred to a What does that mean? Well, if your choice is between A and B, what are you going to choose? You'll choose a because it is preferred to be. If your choice is between B and C, what will you choose? You'll choose B because bees preferred to see. And if your choice is between A and C, what do you prefer? Will you prefer? See, because C is preferred to a So what's the problem here? It's circular so clearly because we have more than just two choices, you can see that majority rule can fail to actually produce a single preferred outcome
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