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2 weeks ago
Which of the following is a consequence of the voting paradox?

• A majority of voters elect a candidate who does not represent the preferences of the voter who is in the political middle.

• Politicians support small groups of individuals and firms that benefit from special interest legislation, rather than a much larger group of voters who pay the cost for this legislation.

• Individuals and firms who benefit from government actions engage in rent seeking.

• The collective preferences of voters are not transitive and voting outcomes are inconsistent.
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Microeconomics
Edition: 7th
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2 weeks ago
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The collective preferences of voters are not transitive and voting outcomes are inconsistent.
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