Explain one negative externality that could occur due to the building of a new airport.

A negative externality is a cost that is suffered by a third party as a consequence of an economic transaction. In a transaction, the producer and consumer are the first and second parties, and third parties include any individual, organisation, property owner, or resource that is indirectly affected.For example, increased air pollution from additional road and air traffic.

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Answered by Uvini E. Economics tutor

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