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The town of Springville is celebrating its bicentennial and would like to have a fireworks display for the entire town to enjoy. Springville is going to subsidize the payment of the fireworks display creating a purely public good. If those from the neighboring town of Duncanville are able to enjoy the fireworks display without paying taxes to Springville, the fireworks display is exhibiting


efficiency in the market.


the free market problem.


the free rider problem.


private market failure.


a negative externality.

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