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Problem 1: A hospital owns a building with a book value of $300,000 and a market value of $500,000. If the hospital uses the building for a new project, then its opportunity cost (ignoring taxes) is
1) $0
2) $100,000
3) $200,000
4) $300,000
5) $400,000
6) $500,000
7) $600,000
8) $700,000
9) $800,000
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