The residents of Orleans, Ontario enjoy seeing fireworks over Petrie Island on Canada Day. Each of the community's 1000 residents places a $5 value on the experience. a. What are the defining characteristics of a public good? b. If the cost of putting on a fireworks display is $1000. Would it be socially optimal to have a Canada Day fireworks display in Orleans? c. Would the private market result in a fireworks display? d. Could governments provide a solution to achieving the efficient level of production? Pa... v BY EVEY A