Which of the following is not true of collective decision-making costs?
a. They impede collective action.
b. They are the reason why unanimity rule is not the optimal decision-making rule.
c. They imply that simple majority rule is the optimal decision-making rule.
d. They increase the closer the decision rule gets to unanimity.
c
Economics
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During periods of inflation, all prices of all products are rising
a. True b. False Indicate whether the statement is true or false
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The average total cost curve of a natural monopoly is always
a. upward sloping. b. horizontal. c. downward sloping at all points. d. downward sloping where it crosses the market demand curve for the good.
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