Question 4 (1 point) Suppose that you want to put on a parade in your hometown of 1000 people. The cost of the parade is $6000, and each person values the parade at $5. After a month, you have only sold 50 tickets at $5 each. What is the result? You and the local government will compete for the parade. Neither you nor the local government will put on the parade. The local government will put on the parade, but you will not. You will still put on the parade, but the local government will not. Next Page