According to the Median Voter Theorem, Majority Rule Will

question 432

Multiple Choice

According to the median voter theorem, majority rule will

• A)always produce an inconclusive outcome.
• B)produce the outcome least preferred by the median voter.
• C)produce the outcome most preferred by the median voter.
• D)produce an outcome that is inconsistent with transitive preferences.

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Definitions:

Unpleasant Side Effects

Negative outcomes or consequences that may occur as a result of a particular action or policy.

Pollution

Pollution is the introduction of harmful substances or products into the environment, negatively impacting the planet's ecosystems and human health.

Market System

An economic system where decisions about production, investment, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.

Command-and-control

A type of regulation where the government sets specific limits for pollution emissions and may also mandate specific pollution control technologies.