propose 100 satellites, the voters will be equally unhappy with both parties. Compared to the efficient quantity

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propose 100 satellites, the voters will be equally unhappy with both parties. Compared to the efficient quantity of satellites, the Doves propose an underprovision of 100 satellites and the Hawks propose an overprovision of 100 satellites. The deadweight losses are equal, and an election would be too close to call.

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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