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Research on the variability of self suggests that
Majority Vote
A method of decision-making where the option that receives more than half of the votes wins.
Negative Externalities
Costs experienced by a third party not involved in a transaction, arising from production or consumption of goods and services.
Majority Voting
A decision-making process where the option that receives more than half of the votes cast by eligible voters is chosen.
Economic Efficiency
The optimal distribution of resources to maximize productivity and fulfill consumer preferences with minimal waste.
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