A Borda Count Is Used to Decide an Election Between

question 16

Multiple Choice

A Borda count is used to decide an election between three candidates, x, y, and z, where a score of 1 is awarded to a first choice, 2 to a second choice, and 3 to a third choice.There are 20 voters.4 voters rank the candidates x first, y second, and z third; 5 voters rank the candidates x first, z second, and y third; 8 rank the candidates z first, y second, and x third; and 3 voters rank the candidates y first, z second, and x third.Which candidate wins?

• A)Candidate y.
• B)There is a tie between x and y, with z coming in third.
• C)Candidate z.
• D)Candidate x.
• E)There is a tie between y and z, with x coming in third.

Analyze the impact of market price on a firm's economic decisions within perfect competition.

Understand the concept of opportunity costs in the context of economic profits.

Recognize the role of supply and demand in determining the market price for perfectly competitive firms.

Identify the factors leading to entry and exit in perfectly competitive markets.

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