A city council is thinking about constructing a passenger terminal at its port so that the city may gain from large cruise ships being able to dock there. It carries out a cost–benefit analysis. What item would count as an external cost in the city 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