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 installed?
What is the economically efficient number of lights?