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If a Voting System Has Three or More Alternatives, Satisfies

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Short Answer

If a voting system has three or more alternatives, satisfies the Pareto condition, always produces a unique winner, and is not a dictatorship, what conclusion follows from the GS theorem?


Definitions:

Return on Investment

A measure used to evaluate the efficiency of an investment, calculated by dividing the profit earned on an investment by the cost of that investment.

Controllable Margin

The portion of profit or margin that can be directly influenced by management decisions and actions.

Operating Assets

Assets used in the daily operations of a business to generate revenue, including cash, inventory, and equipment.

Return on Investment

A performance measure used to evaluate the efficiency of an investment or compare the efficiencies of several different investments.

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