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8. The Types of Goods
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Problem 15
8. The Types of Goods
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8. The Types of Goods / The Free Rider Problem and the Tragedy of the Commons / Problem 7
Problem 7
If the government taxes each resident \$5 to fund a \$500 fireworks show, what is the net benefit to each resident if they value the show at \$10?
A
\$15
B
\$5
C
\$0
D
\$10
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