A nice report by the BBC on open cast mining in Australia
http://news.bbc.co.uk/1/hi/world/asia-pacific/8688820.stm
a) What are the private benefits of the mining operation?
b) What are the private costs of the mining operation?
c) What are the external costs of the mining operation?
d) What actions could the Australian government take to reduce the negative externalities to the social optimum output?
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