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What is the difference between the voting paradox and the Arrow impossibility theorem?

lurielbank

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Posts: 472

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4 years ago

What is the difference between the voting paradox and the Arrow impossibility theorem?

Question 1.

Rent-seeking behavior, unlike profit-maximizing behavior in competitive markets, wastes society's scarce resources.

▸ true

▸ false

Question 2.

What is the difference between the voting paradox and the Arrow impossibility theorem?

Textbook

InMicro

InMicro

Edition: 1^st

Authors: Hubbard, O'Brien

Read 92 times

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shawntage

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Posts: 392

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4 years ago

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lurielbank Author

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#2

4 years ago

This site is awesome!

shawntage

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#3

4 years ago

Slight Smile

Good luck on the rest

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