A local council is thinking about constructing a passenger terminal at a port so that it can gain from the large cruise ships that berth there. It carries out a cost–benefit analysis. What would be counted as an external cost in the local council’s cost–benefit analysis?
- Athe cost of a ticket for a passenger to travel on a cruise ship
- Bthe cost of fuel to operate the cruise ships
- Cthe costs paid by cruise ships when they dock at the port
- Dthe cost to a fishing fleet of relocating to another port