Shopkeepers in a village in Wales are complaining that roadworks are cutting their trade by up to half according to this BBC report:
< http://www.bbc.co.uk/mediaselector/check/player/nol/newsid_7060000/newsid_7064000?redirect=7064074.stm&news=1&nbwm=1&bbwm=1&nbram=1&bbram=1 >
a) Explain what is meant by a negative externality
b) Why are the drop in shopkeepers takings are a clear example of negative externalities?
c) How might these negative externalities have been reduced according to the report?
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