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Consider a housing development built near an existing airport. After the houses are occupied, ...

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6 years ago

Consider a housing development built near an existing airport. After the houses are occupied, ...

Consider a housing development built near an existing airport. After the houses are occupied, homeowners complain that the airport imposes a negative externality on them and it should be moved or otherwise limited. Is the airport a negative externality?
A) No, the airport was there first.
B) No, if the original property values reflect the costs imposed by the airport.
C) No, airports are government entities and therefore don't impose costs on individuals.
D) Yes, the airport's noise should be curtailed for the well-being of the homeowners.

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Microeconomics

Edition: 6^th

Author: Perloff

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Llanis Author

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6 years ago

Good timing, thanks!

oscar520000

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Yesterday

Just got PERFECT on my quiz

annabananerz

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2 hours ago

Smart ... Thanks!

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