5. Majority rule and efficiency Sean, Yvette, Bob, Cho, and Rajiv share a five-bedroom house and are all huge New England Patriots fans. The only way they can watch every away game is by getting satellite TV service. Since the TV is located in their living room, once they have satellite service, the service has the characteristics of a nonexcludable public good: it is nonrival and nonexcludable. The following table shows the benefit (per month) that each roommate receives from the service. Note that the average benefit from the service is $48 per person. Benefit Roommate (Dollars) Sean 20 Yvette 30 Bob 40 Cho 60 Rajiv 90 It is efficient for the roommates to buy the satellite TV service if it doesn't cost more than $ per month. Suppose the roommates decide to vote on whether to buy the satellite TV service under majority rule. In addition, they agree that if they get the service, the cost will be split equally among all the roommates, whether or not they voted in favor of the service. A majority of roommates will vote to buy the service as long as it doesn't cost more than per month. Which statement best illustrates the concept of the median voter model in this example? Because two roommates receive more benefit than Bob does, and two roommates receive less benefit than Bob does, Bob's is the critical