A congestion charge of £10 per day has been imposed on motorists taking their cars into Central London.
What is it about driving into Central London that provides the economic justification for this charge?
1 )
The external benefits are greater than the external costs.
2 )
The private costs are greater than the external costs.
3 )
The social benefits are greater than the private benefits.
The social costs are greater than the private costs.
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