A Distribution of Voters Is Symmetric and Unimodal, and the First

question 15

Multiple Choice

A distribution of voters is symmetric and unimodal, and the first two candidates have chosen different positions, A and B, that are equidistant from the median. A is below the median and B is above the median. No more than one third of the voters lie between A and B. To win the election, a third candidate should take a position C that lies:

• A) below A.
• B) between A and B.
• C) above B.
• D) nowhere; C cannot win.

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Definitions:

Negligent Misrepresentation

A false statement made carelessly that induces another party to enter into a contract, resulting in harm or loss.

Fraudulent Misrepresentation

A false statement made knowingly or recklessly designed to induce another party to enter into a contract.

Scienter

Knowledge of wrongdoing or fraudulent intent, often required to be proven in cases of securities fraud.

Unilateral Mistake

A situation in contract law where only one party is mistaken about a basic assumption on which the contract is based.