Environmental
In Louisiana, properties near the Mississippi River Industrial Corridor often show lower values due to which environmental principle?
APrinciple of contribution
BExternal (economic) obsolescence caused by proximity to industrial pollution sources, noise, odors, and perceived health risks✓ Correct
CPrinciple of conformity
DPrinciple of progression
Explanation
Properties near industrial facilities (refineries, chemical plants) in Louisiana's 'Cancer Alley' suffer from external obsolescence — loss in value due to factors outside the property itself, including air quality concerns, noise, odors, and the stigma of proximity to industrial sites.
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