The table presents some of the costs and benefits, in $ millions, connected with a road building project. Both a government department and a profit-maximising private firm are considering whether to construct the road. private costs 450; external costs 75; external benefits 50; social benefits 550 Who would be prepared to build the road?
- ABoth would be willing to build it.
- BNeither would be willing to build it.
- COnly the government department would be willing to build it.
- DOnly the private firm would be willing to build it.