You are considering whether to enter a holiday lights display contest that pays $1,000 to the winner. State whether each of the following constitutes private costs, private benefits, external costs, or external benefits. Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers.

Private costs	Private benefits	External costs	External benefits
check all that apply 1 Increased traffic congestion and difficulty parking on your street.unanswered Increased electric bill from the holiday lights.unanswered Winning the holiday lights display contest.unanswered	check all that apply 2 Increased traffic congestion and difficulty parking on your street.unanswered Increased electric bill from the holiday lights.unanswered Winning the holiday lights display contest.unanswered	check all that apply 3 Increased traffic congestion and difficulty parking on your street.unanswered Increased electric bill from the holiday lights.unanswered Winning the holiday lights display contest.unanswered	check all that apply 4 Increased traffic congestion and difficulty parking on your street.unanswered Increased electric bill from the holiday lights.unanswered Winning the holiday lights display contest.