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Question 1

A new football stadium is planned for a town. Print out this page and make a list of the private costs and benefits and the external costs and benefits associated with the building and running of the stadium.

How could ‘cost benefit’ analysis be used to decide the ‘socially efficient’ number of football stadiums (stadia) in a city like London?

The costs and benefits of the new Wembley Stadium

Benefits Costs
Private
External    

See: Answer