Question: Answer the question based on the following information for a public good. P a and P b are the prices that individuals A and B
Answer the question based on the following information for a public good. and are the prices that individuals A and B are willing to pay for the last unit of a public good, rather than do without it These people are the only two members of society.
table
The principle that under some circumstances majority voting fails to make consistent choices reflecting the community's underlying preference is best demonstrated by the
Multiple Choice
Coase theorem.
paradox of voting.
concept of logrolling
medianvoter model.
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