Answer the question.
Choose the sentence or sentences that accurately restate Arrow's Impossibility Theorem.
I. It is mathematically impossible for any democratic voting system to satisfy any of the four fairness criteria.
II. It is mathematically impossible for any democratic voting system to satisfy all of the four fairness criteria.
III. It is mathematically impossible for any democratic voting system to satisfy some of the four fairness criteria.
IV. It is mathematically impossible for any democratic voting system to satisfy any more than one of the four fairness criteria.
◦ I, II, and III
◦ I, III, and IV
◦ IV only
◦ II only