Do Voters Need to Have Single-Peaked Preferences in Order for the Median

question 25

True/False

Do voters need to have single-peaked preferences in order for the Median Voter Theorem to hold?

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Definitions:

Condensed Income Statement

A simplified income statement that presents only key revenue and expense items, ignoring detailed breakdowns.

Discontinuance

The act of ending or terminating a business operation or the production of a product line.

Current Year

The present calendar or fiscal year in which a company operates and reports financial transactions.

Opportunity Cost

The benefit foregone by choosing one alternative over another.