Answer
Condorcet found that transitivity was not always matched by the democratic outcomes. If A is preferred to B and B to C so A will be preferred to C but this has not been obeyed all the time.
Principles of Microeconomics, 7th Edition
by Mankiw, N. Gregory
Published by
South-Western College
ISBN 10:
128516590X
ISBN 13:
978-1-28516-590-5
Chapter 22 - Part VII - Frontiers of Microeconomics - Questions for Review - Page 478: 4
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