QUESTION 11 Brisbane Airport is currently constructing a second runway to increase its capacity. The runway construction cost will cost $1.3 billion. This increased capacity will have positive impacts on Queensland's tourism, the state and Australian economy. Which of the following statements are true: Cl Brisbane Airport's decision to construct the runway creates a positive externality for hotel owners if they do not have to pay for the construction costs. [3 Brisbane Airport's decision to construct the runway does not create any positive externalities. [3 Brisbane Airport could use economic logic to justify receiving government funding to assist in building the second runway. [3 Brisbane Airport could not justify receiving government funding as the airport itself is privately owned and operated