The 20 residents of the village of Towneburg are considering hosting a fireworks show next summer.The total cost of the show is estimated to be $1,000 + $10 per unit.Each resident's demand for fireworks is identical: P = 50 - 2 * units as shown below:
Cheap Charlie is one of Towneburg's 20 residents.While Charlie enjoys fireworks as much as the next Towneburger,when the fireworks fund-raising campaign kicks off,he claims to hate them.Cheap Charlie is trying to

Question

The 20 residents of the village of Towneburg are considering hosting a fireworks show next summer.The total cost of the show is estimated to be $1,000 + $10 per unit.Each resident's demand for fireworks is identical: P = 50 - 2 * units as shown below: 
Cheap Charlie is one of Towneburg's 20 residents.While Charlie enjoys fireworks as much as the next Towneburger,when the fireworks fund-raising campaign kicks off,he claims to hate them.Cheap Charlie is trying to

Quizplus · Accepted Answer

Cheap Charlie is claiming to hate fireworks to avoid contributing to the cost of the show. This behavior is known as free riding, which involves enjoying the benefits of a public good while not contributing to its cost. Charlie is hoping that enough of his fellow residents will contribute to the fundraising campaign to cover the cost of the fireworks show, so that he can enjoy the show without contributing himself.

The 20 Residents of the Village of Towneburg Are Considering