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Public Economics - Public Choice (Vote) Could you please provide clear and correct answers? Thanks There are three voters, x, y, and z, and their
Public Economics - Public Choice (Vote)
Could you please provide clear and correct answers? Thanks
There are three voters, x, y, and z, and their preferences for policies A, B, and C are shown in the figure. Voters vote according to the majority voting rule, first choosing between two policies, and then making a decision between the selected policy and the third policy, until a unique result is selected. For example, voters first vote between A and B, if A wins, then vote between A and C, if A still wins, then get the final result A, otherwise, vote between C and B. Policy A and B B and C C and A > y Z > (Vote 1) - 1) What is the result of voting 1? Are voting results affected by the order of voting? Policy A and B B and C > C and A Z > y Z > (Vote 1) - 1) What is the result of voting 1? Are voting results affected by the order of voting? Policy A and B B and C > C and A ZStep by Step Solution
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