Briefly explain the following public choice concepts: Cycling and Agenda setting i. ii. iii. Single-peaked and Double-peaked preferences Decision Making Cost and Voter External Cost Unanimity and Majoritarian voting iv. V. Minimax strategy and Ethical voter theories Explain with the support of appropriate illustrations the notion that if all voters' preferences are single-peaked, majority voting decision reflects the median voter's preferences. 4 Briefly explain the following public choice concepts: Cycling and Agenda setting i. ii. iii. Single-peaked and Double-peaked preferences Decision Making Cost and Voter External Cost Unanimity and Majoritarian voting iv. V. Minimax strategy and Ethical voter theories Explain with the support of appropriate illustrations the notion that if all voters' preferences are single-peaked, majority voting decision reflects the median voter's preferences. 4