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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

A

efficiency in the market.

B

the free market problem.

C

the free rider problem.

D

private market failure.

E

a negative externality.

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