Give a numerical example to show that a simple-majority decision rule can lead to a project being

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Give a numerical example to show that a simple-majority decision rule can lead to a project being undertaken for which the costs are greater than the benefits.

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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Question Posted: Feb 12, 2016 07:55 AM

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Give a numerical example to show that a simple-majority decision rule can lead to a project being

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Voters Benefits Taxes Vote A 50 25 Yes B 30 25 Yes C 26 25 Yes D ...View the full answer

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