Figure 10-1 This Figure Reflects the Market for Outdoor Concerts in a in a Public

Figure 10-1
This figure reflects the market for outdoor concerts in a public park surrounded by residential neighbourhoods.

-Refer to Figure 10-1.Assume that the concert organizers must purchase a concert permit (the cost for the permit is included in private cost) before organizing the concert.What criterion should the city use in determining whether or not to issue a permit

A) The majority vote of the residents in surrounding neighbourhoods should determine whether a permit is issued.
B) As long as the value to consumers of concerts exceeds the cost of concerts (including the external costs) , the permit should be issued.
C) As long as concert organizers are willing to return the park to its original condition after the concert, the permit should be issued.
D) The permit should not be issued as long as there are identifiable external costs imposed on residents in surrounding neighbourhoods.