The Condorcet paradox illustrates Arrows impossibility theorem by showing that pairwise majority voting a. is inconsistent with

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The Condorcet paradox illustrates Arrow’s impossibility theorem by showing that pairwise majority voting

a. is inconsistent with the principle of unanimity.

b. leads to social preferences that are not transitive.

c. violates the independence of irrelevant alternatives.

d. makes one person in effect a dictator.

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Principles Of Microeconomics

ISBN: 9780357133484

9th Edition

Authors: N Gregory Mankiw

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Question Posted: Jan 27, 2024 11:00 PM

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The Condorcet paradox illustrates Arrows impossibility theorem by showing that pairwise majority voting a. is inconsistent with

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Principles Of Microeconomics

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