What Are Some of the Problems with Voting,specifically with Majority

question 8

Essay

What are some of the problems with voting,specifically with majority rule? Consider the example in Exhibit 9-3.Explain the theorem underlying the problem these voters faced?

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Definitions:

Discount

A reduction on the normal selling price of a product or service, often used as a sales incentive to increase demand or reward customer loyalty.

Formal Training Program

An organized education or instructional course designed to impart a specific set of skills or knowledge, typically in a professional context.

Selling

Convincing a person to acquire a product or service.

Knowledge

The facts, information, and skills acquired through experience or education; the theoretical or practical understanding of a subject.