QUESTION 7 A new techno nightclub called Club Holownia opens up in Belgrade. The techino club is popular with young people in the area but the older residents have complained about loud music being played until sunrise. Which of the following statements are true: Club Holownin creates a negative externality for older residents. All residents were given advanced notice of the club's opening. Therefore, there is no negative externality associated with the now club, If the marginal social benefits of the club exceed the marginal social costs of the dub, then it is socially efficient for the club to continue operating despite any negative externalities caused. Even if the marginal social benefits of the club exceed the marginal social costs of the club, the club is social causes any negative externalities