Examlex
A level of distribution density whereby a firm tries to place its products in a few retail outlets in a specific geographical area is referred to as _________.
Majority Voting
A voting system in which the option that receives more than half of the votes wins, often used in elections and decision-making processes.
Median Voter
The voter positioned at the median of the preference spectrum, whose choices can represent the most typical or moderate viewpoint in the voting population.
Economically Inefficient
A situation where resources are not allocated in a way that maximizes the total benefit to society, often resulting in wasted or misallocated resources.
Voter Failure
A situation where voters are uninformed or make irrational decisions, leading to outcomes not reflecting the true preferences of the majority.
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