Which of the following are correct assumptions of Arrow's conditions of Social Welfare?
A. Responsiveness to individual preferences
B. Impositions
C. Dictatorship
D. Transitivity or consistency
E. Independent of irrelevant alternatives
Choose the correct answer from the options given below:
1
A, B and D only
2
B, D and E only
3
B, C and D only
4
A, D and E only