Problem
Fireworks as Public Goods. A three-person city is considering a fireworks display. Bertha is willing to pay $100 for the proposed fireworks display, Marian is willing to pay $30, and Sam is willing to pay $20. The cost of the fireworks display is $120.
a. Will any single citizen provide the display on his or her own?
b. If the cost of the fireworks display is divided equally among the citizens, will a majority vote be in favor of the display?
c. Describe a transaction that would benefit all three citizens.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.