Assume there are two major political parties: the Conservatives and the Liberals. What does the median voter theorem imply about the nature of the platforms (that is, policy stances) of the Conservatives and Liberals?
The median voter theorem implies that political parties will set their platforms so as to appeal to the median ("middle of the distribution") voter. Therefore, rather than adopting extreme views, the Conservatives and Liberals will both adopt platforms that are toward the "middle of the road."
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