Please solve the exercise and answer explicitly all the questions asked. You must provide complete solution and explain (define) clearly what are you calculating! Suppose that a bridge-building project is evaluated simultaneously by the private firm and by the Government. Let's assume that the bridge is only a temporary bridge and lasts for one year only. The financial cost of inputs used in the construction of this bridge is estimated to be 250 million euros, while the opportunity cost of resources used in the construction of bridge, is estimated to be 220 million euros. The environmental damage (to the society) resulting from the bridge, is estimated to be 30 million euros. Suppose that the marginal cost associated with a bridge-crossing, is O and the interest rate is 0. The estimated demand for bridge-crossings at different fees is following: 0 4 8 12 16 20 24 Fee per crossing (in euros) 28 32 36 40 20 18 16 14 12 10 8 Demand (in millions of crossings) 4 2 0 6 This means that the demand for bridge-crossings is described by function Xp = 20 - 0.5Px, where the Xo denotes the number of bridge-crossings in millions and Px denotes the fee (in euros) charged per bridge-crossing. Suppose that, for the Government, the funds required for building the bridge can be raised only via taxes, whereas the deadweight loss associated with implementation of such taxes, is 50 million euros. First, analyse, explain and provide numerical proof, whether this bridge-building project should be implemented by private firm, or not. Thereafter analyse, explain and provide numerical proof, whether this bridge-building project should be implemented by the Government, or not. Please also discuss whether the decision by the profit-maximizing private firm would differ from the Government's decision (society's viewpoint)? Discuss why yes, or why not? Justify your answer with the valid calculations and explanations of these calculations