Economics 19th Edition by Stanley Brue, Cambell McConnell, Campbell McConnell, Sean Masaki Flynn, Sean Flynn

Exercise 6

Suppose there are only five people in a society and each favors one of the five highway construction options listed in Table 5.4 ("No new construction" is one of the five options). Explain which of these highway options will be selected using a majority paired-choice vote. Will this option be the optimal size of the project from an economic perspective
Reference Table 5.4