Suppose three neighbors must vote on the installation of a traffic light that costs $210.The cost of the light will shared by all three.Voter A values the light at $50; voter B values the light at $50; and voter C (who drives the most)values the light at $200.If the voting rule is that the majority wins,does the light get purchased? Is it efficient to purchase the light?

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The Answer of Suppose three neighbors must vote on the installation of a traffic light that costs $210.The cost of the light will shared by all three.Voter A values the light at $50; voter B values the light at $50; and voter C (who drives the most)values the light at $200.If the voting rule is that the majority wins,does the light get purchased? Is it efficient to purchase the light?

Suppose Three Neighbors Must Vote on the Installation of a Traffic