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A city consists of five boroughs, and each borough has four neighborhoods and each neighborhood consists of ten houses. You have been hired to run a fiber-optic cable, networking all of the houses to each other. No matter the length, it costs $50 to connect any one house to any other house. Based on all of this information, what will it cost to network all of the houses together so that there are no redundancies? Hint: Think of each house as a vertex.
Joint Venture
A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.
New Market
Refers to an undiscovered or underexploited segment in the marketplace that a company can target to expand its customer base.
Strategic Alliance
A collaborative relationship between independent firms, though the partnering firms do not create an equity partnership; that is, they do not invest in one another.
Globally-Based Opportunity
A chance or prospect for business, investment, or collaboration that is available on an international scale.
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