
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Transcribed Image Text:The following table shows how three voters ranked Policy A, Policy B, and Policy C. Which policy is preferred by the
majority?
Voter 1
Voter 2
Voter 3
Policy A
Policy B
Policy C
First Choice
Policy B
Policy C
Policy A
Policy C
Policy A
Policy B
Second Choice
Third Choice
Select the correct answer below:
O Policy B
O Policy C
one policy is not preferred by the majority
O Policy A
Expert Solution

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Step 1
Majority Decision is the one where more than 50% of the votes are in favor of one policy.
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