​Suppose There Are 3 Possible Outcomes to a Vote: A

question 355

Multiple Choice

​Suppose there are 3 possible outcomes to a vote: A, B, and C. If voters prefer A to B, C to B, and A to C, which of the following concepts are violated?

• A)​Transitivity
• B)​Median Voter Theorem
• C)​Arrow's Impossibility Theorem
• D)​None of the above concepts are violated

---

Definitions:

Segmenting Variable

Characteristics of individuals or groups used to divide a market into segments for targeted marketing.

Pre-Qualified

The state of having been evaluated and deemed eligible for something, such as a loan or service, based on preliminary criteria.

Mass Affluent

Individuals with a significant amount of disposable income, though not wealthy by traditional standards, making them a target for certain luxury goods and financial services.

80/20 Rule

A theory that suggests that 20 percent of heavy users account for 80 percent of the total demand.