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A company is considering building a bridge across a river. The bridge would cost $350,000 to build and nothing to maintain. The following table s
A company is considering building a bridge across a river. The bridge would cost $350,000 to build and nothing to maintain. The following table s the company's anticipated demand over the lifetime of the bridge: Price Quantity (Dollars per crossing) (Thousands of crossings) 4.00 0 3.50 40 3.00 80 2.50 120 2.00 160 1.50 200 1.00 240 0.50 280 320 If the company were to build the bridge, its profit-maximizing price would be $ , and it produce the efficient level of output If the company is interested in maximizing profit, it _ build the bridge because profit would be S (Note: If the company incurs a loss, be sure to enter a negative number for profit.) If the government were to build the bridge, it should charge a price of |$ True or False: The government should build the bridge
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