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magine you are the mayor of a town and you are trying to decide if you should pay for a fireworks show. Your staff survey
magine you are the mayor of a town and you are trying to decide if you should pay for a fireworks show. Your staff survey your 400 citizens who say that they each value a fireworks show at $10. The fireworks show only costs $3,000 so you put on the show but when you ask for donations to pay for the fireworks you only receive $25 total. What does this result show? A. You staff's survey must have over estimated the value of a fireworks show B. the fireworks cost must have been greater than their economic benefit C. the firework show suffered from the tragedy of the commons problems d. town's citizens were free riders
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