Answer the next questions using this table.
Three people live along Strasse Street: Dunkel,
Schwarz, and Nacht. They would like to have streetlights
installed, but differ on how valuable they think the
lights are. The table below indicates the value each
person place on additional streetlights:
If these three rely on dollar voting to
make decisions, and each acts independently of the
others, how many lights will be installed?
If the three use majority voting,
splitting all cost evenly, how many lights will be
What is the economically efficient number