Question: 8. Two projects (A and B) are voted on by three persons. Their payoffs are given in the table below. B Cephas -2 8 Charles

8. Two projects (A and B) are voted on by three

8. Two projects (A and B) are voted on by three persons. Their payoffs are given in the table below. B Cephas -2 8 Charles 7 -1 Lydia -4 -5 a. Which projects will be passed when voted on separately? Is this efficient? b. Is it possible to improve efficiency through logrolling

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