The Condorcet paradox shows that even if each individual in a ...

[Coya19@aol.com]

The Condorcet paradox shows that even if each individual in a group has transitive preferences, the group's collective preferences may not be transitive.
 
  Indicate whether the statement is true or false

Question 2

The key issue with competition is the role competition plays in eliminating ________ and making the ________ as large as possible.
 
  A) cooperative surplus; profits
  B) producer surplus; consumer surplus
  C) deadweight losses; cooperative surplus
  D) shortages; total revenue

[Sierray]

Answer to Question 1

TRUE

Answer to Question 2

C

[Coya19@aol.com]

Excellent

[upturnedfurball]

Thanks for the timely response, appreciate it