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Asked by BarristerDanger2529 on coursehero.com

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 shows the company's anticipated demand over the lifetime of the bridge:

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

. (**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.

True

False

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Answered by EconTutor07 on coursehero.com

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