Relying on majority rule of voting will yield a social optimum of all products.

Name: Relying on majority rule of voting will yield a social optimum of all products.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Majority rule voting does not always yield a social optimum for all products because it can lead to outcomes that favor the preferences of the majority while potentially ignoring the needs or preferences of minorities, leading to suboptimal outcomes for some individuals or groups.

Relying on Majority Rule of Voting Will Yield a Social