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kaleb swanner
on Oct 08, 2024

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Because majority voting fails to incorporate the strength of the preferences of individual voters,it:

A) creates negative externalities.
B) under some circumstances produces economically inefficient outcomes.
C) leads to market failure.
D) leads to politics dominated by special interest groups.

Majority Voting

A decision-making process where the option that receives the most votes from participants wins, often used in elections and organizational decisions.

Negative Externalities

Costs incurred by third parties not directly involved in an economic activity, for example, pollution affecting non-participating individuals.

Economically Inefficient Outcomes

Situations where resources are not allocated optimally, resulting in lost potential utility or value.

  • Examine the role of majority voting in economic decisions and its potential to produce inefficient outcomes.
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Hadley GarciaOct 14, 2024
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