Calculate the potential external cost for the residents

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Reference no: EM133750261

Problem

In order to create more jobs in the region, the local government gave permission to a foreign investor to build a chemical plant not far from a residential area. Analysts predict that the real estate prices will drop by 10%. Currently, the total value of real estate is $90 million. Calculate the potential external cost for the residents in the area of building the chemical plant.

Reference no: EM133750261

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