In the figure below, we see that traditional one-person-one-vote (1p1v) majority voting results in an inefficient majority "yes" vote (two in favor, one opposed). Let's see whether the outcome is better under quadratic voting. (Note: When answering the questions below, assume a quadratic voting system. Also assume that the amounts shown in the figure reflect the value of the benefits of a proposed public good to each individual voter. And, assume that if the vote passes, each voter will be required to pay
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How much each will Johnson and Lee be willing to spend on votes?
Up to $ eachHow many votes will Garcia purchase? votesHow many will Johnson and Lee each purchase? votes eachWhat is the total number of votes cast for "No"?For "Yes"?Approval of this project requires a 50-percent-plus-1 majority. Will the project be approved?NoDoes quadratic voting lead to the economically efficient outcome here?YesMathbot Says...
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