Under perfect competition, voting with dollars achieves economic efficiency, but democratic voting (one person-one vote) offers no

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"Under perfect competition, voting with dollars achieves economic efficiency, but democratic voting (one person-one vote) offers no such promise." Do you agree? Why does the specification of one vote per person interfere with the ability to achieve economic efficiency?
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Intermediate Microeconomics and Its Application

ISBN: 978-1133189039

12th edition

Authors: Walter Nicholson, Christopher M. Snyder

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