A negative externality example for your micro principles course:
For 55 years, the Girl Scout camp has been a destination for families across Kentucky and Indiana. Now, another fixture of the local landscape, coal mining, may be cutting in. A strip mine proposed by a nearby company, Western Kentucky Minerals, could soon surround the camp, altering its bucolic vista for years. ...
Western Kentucky’s mine, Pleasant Ridge, would have three sites — along Route 231, Girl Scout and Russell Roads — and produce an estimated 2.1 million tons of coal over a decade of surface mining. It has been in the works for five years. ...
Some property owners stand to make up to $500,000 from mineral rights ... and depending on the price of coal, the county could earn millions from fees.
via www.nytimes.com
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