Multiple Choice
Use the following statements to answer this question:
I. Majority-voting always leads to an economically efficient outcome.
II. Majority-voting may generate too much or too little of a particular public good.
A) I and II are true
B) I is true and II is false
C) I is false and II is true
D) I and II are false
Correct Answer:

Verified
Correct Answer:
Verified
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