Explain how affirmative and negative majority votes can sometimes lead to inefficient allocations of resources to public

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Explain how affirmative and negative majority votes can sometimes lead to inefficient allocations of resources to public goods. Use Figures 5.2a and 5.2b to show how society might be better off if Garcia were allowed to buy votes.


Figure 5.2

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Economics

ISBN: 9781264112272

22nd Edition

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

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