The political process is more likely to serve the interests of individuals whose preferences are in the middle, rather than individuals with preferences that are much to the left or right of the political center
This statement is best explained by which of the following?
A) logrolling B) the Arrow impossibility theorem
C) the voting paradox D) the median voter theorem
D
Economics
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Which is true of a purely competitive firm in the long-run equilibrium?
A. Average fixed cost equals price B. Marginal cost equals marginal product C. Price equals marginal cost D. Average variable cost equals marginal cost
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