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Business, 25.04.2020 00:44 jphan19

A bus company is making costly efforts in an attempt to increase work-trip bus usage for the travel conditions above. An exclusive bus lane is constructed that reduces bus travel time to 12 minutes and the bus fare is reduced to $0.40. Determine the modal distribution of trips (among the three available modes) after the lane is constructed and the bus fare is lowered.

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A bus company is making costly efforts in an attempt to increase work-trip bus usage for the travel...
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