Question: 3. KEY QUESTION Suppose there are only five people in a society and each favours one of the five highway construction options in Table 18-2

3. KEY QUESTION Suppose there are only five people in a society and each favours one of the five highway construction options in Table 18-2 (include no highway construction as one of the options). Explain which of these highway options will be selected using a majority paired-choice vote.

Will this option be the optimal size of the project from an economic perspective?

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