Business, 04.07.2020 01:01 kelseychristian24
Fireworks as Public Goods. A three-person city is considering a fireworks display. Bertha is willing to pay $95 for the proposed fireworks display, Marian is willing to pay $30, and Sam is willing to pay $25. The cost of the fireworks display is $120.
A. Would any single citizen fund the display on their own?
B. Is it socially efficient to provide the display?
C. Design a tax that would fund the system.
D. Why is the display more likely to be provided by a government than a private firm?
Answers: 2
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Fireworks as Public Goods. A three-person city is considering a fireworks display. Bertha is willing...
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