The voting paradox suggests that the "voting market," as represented by elections单项选择题

A

may not lead to an efficient outcome but certainly leads to a more equitable outcome in terms of distributing goods and services.

B

is no different from the private market for goods and services in terms of representing consumer preferences.

C

may often lead to an inefficient outcome in representing consumer preferences compared to the private market for goods and services.

D

lead to a superior outcome in representing consumer preferences compared to the private market for goods and services.

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By assumption, individual preferences must be transitive so that if A is preferred to B, and B is preferred to C, then A is preferred to C. Suppose that Marsha, Jan, and Cindy individually have transitive preferences over three goods: oranges, apples, and pears. If Marsha, Jan, and Cindy were to vote on whether to name oranges, apples, or pears the “fruit of the month,”  Are the preferences for the group necessarily transitive?

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