An Implication of the Median Voter Theorem Is That, in a Democratic

question 72

Multiple Choice

An implication of the median voter theorem is that, in a democratic voting system:

• A)minority views are not given much weight
• B)minority views are given significant weight
• C)the intensity of minority preferences play a central role in determining the outcome
• D)the outcome can best be described as a compromise that takes into account diverse preferences

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Definitions:

Monopoly Outcome

The result of a market condition in which a single company or entity has exclusive control over a particular good or service, leading to limited competition.

Duopoly

A market structure dominated by two firms, often leading to strategic competition and pricing.

Maximize Profits

Strategies and actions taken by businesses to increase the difference between their total revenues and total costs.

Individual Profits

The net earnings obtained by a person after subtracting all relevant expenses from their revenue.