Traffic congestion imposes higher costs and discomfort to residents of a city because the marginal social cost of any one individual's use of the roads is _____ the individual marginal cost.

Question

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Traffic congestion imposes higher costs and discomfort to residents of a city because the marginal social cost of any one individual's use of the roads is greater than the individual marginal cost. This means that the negative externalities of congestion, such as increased travel time and air pollution, affect the entire society and not just the individual driver. Therefore, congestion imposes a higher cost on society as a whole than the cost borne by any one individual.

Traffic Congestion Imposes Higher Costs and Discomfort to Residents of a City