When majority rule voting is used to determine whether to purchase a public good,
A) the efficient outcome is assured.
B) the median voter gets her way.
C) the sum of the marginal benefits must equal marginal cost.
D) the marginal benefit of the good to the median voter equals the good's marginal cost.
B
Economics
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The universal-service requirement complicates postal service pricing
Indicate whether the statement is true or false
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A price floor that is set above market equilibrium will cause
A) an excess quantity demanded. B) a shortage. C) a surplus. D) queuing on the part of consumers.
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