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Consider fireworks as a 'public good'. Have you ever seen a fireworks display?Have you ever paid to watch fireworks?Would you pay to watch fireworks?How much
Consider fireworks as a 'public good'. Have you ever seen a fireworks display?Have you ever paid to watch fireworks?Would you pay to watch fireworks?How much would you be willing to pay?Why or why not?What if your community paid to have a firework display but the adjacent neighborhood could watch for free?Explain how this ties in to the public good - free rider problem.
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