Thursday, June 26, 2008

Unit 2: Positive externalities from developing Inverness harbour

The BBC reports that the redevelopment of Inverness Harbour is almost complete

http://news.bbc.co.uk/1/hi/scotland/highlands_and_islands/7473551.stm

a) What private costs are associated with the development?
b) What private benefits would there be associated with the development?
c) What external benefits result from the development?
d) Would there be any external costs resulting from the project? If so, what would they be?

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