Final answer:
Air pollution creates a negative externality leading to increased health problems, damage to ecosystems and biodiversity, and reduced air quality; hence, all the listed consequences are correct.
Step-by-step explanation:
The consequences of the negative externality of air pollution include: 1) Increased health problems for individuals such as respiratory and cardiovascular diseases, decreased lung function, and worsened conditions like asthma and bronchitis. 2) Damage to ecosystems and biodiversity, including issues such as acid rain, ozone depletion, and the broader impacts of climate change. 3) Reduced air quality, which leads to various environmental and health impacts, including increased heating and cooling costs, degraded crop quality, and a general decline in the quality of life. Therefore, the correct answer is 4) All of the above.