This assignment delves into the multifaceted issue of traffic congestion, dissecting its economic and societal impacts. It systematically breaks down the total cost of congestion, highlighting key components such as travel time losses, externalities like air pollution and noise, and increased vehicle operating costs due to fuel consumption and wear and tear. The analysis further distinguishes between different types of externalities, including those related to delays and environmental factors, providing a comprehensive understanding of congestion's financial burden.