A company made an application to construct a supermarket on the outskirts of a town beside a river. Gaining permission for this required an expensive planning procedure with the local government. To secure approval, the company also agreed to build a bridge over the river close to the supermarket. Which factor would be counted in a social cost-benefit study of this proposal that would not be included in a private calculation?
- Athe value of the extra customers the supermarket gets by people using the new bridge
- Bthe value of the land used which could have been used for housing
- Cthe value of the time of the local government’s officials in the planning process
- Dthe value of the time saved by people using the new bridge to get to work in the town