567EconomicsMedium
Which of the following is true under pairwise majority rule if people vote for the outcome closest to their most preferred outcome?
AThere is no clear winner due to Arrow’s Impossibility Theorem.
BThe outcome preferred by the median voter wins
CThe average preferred outcome wins
DThe outcome preferred by the greatest number of voters wins.
Correct answer
B. The outcome preferred by the median voter wins
Explanation
The correct answer is The outcome preferred by the median voter wins.