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The basic concept behind the median voter theorem is that:
I. the median voter is defined as the voter for which half of the other voters want a policy to the left and half of the voters want a policy to the right.
II. when voters vote, regardless of whether they vote closest to their preferences or not, the preference of the median voter is sure to win in a majority win election.
III. if voters vote closest to their preferences, then the preference of the median voter is sure to win in a majority win election.
Why is the reinvestment assumption associated with NPV calculation more appropriate than the reinvestment assumption associated with IRR calculation?
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Sometimes, they intervene in trade in order to ensure that local companies are being encouraged to export their business and also to help support them.
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