Suppose there are five people 1, 2, 3, 4, and 5 who rank projects A, B, C,

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Suppose there are five peopleâ€” 1, 2, 3, 4, and 5â€” who rank projects A, B, C, and D as follows:

a. Sketch the preferences, as in Figure 6.2 .
b. Will any project be chosen by a majority vote rule? If so, which one? If not, explain why.

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Public Finance

ISBN: 978-0078021688

10th edition

Authors: Harvey Rosen, Ted Gayer

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Question Posted: Mar 25, 2015 09:36 AM

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Suppose there are five people 1, 2, 3, 4, and 5 who rank projects A, B, C,

Question:

5BCDA 4CBDA 3DBCA 2ACBD IADCB

Step by Step Answer:

a Below the preferences for each person b C wins in every pair wise vote ...View the full answer

Public Finance

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