The Snow Removal Business in East Icicle, Minnesota,is a Competitive

question 42

Multiple Choice

The snow removal business in East Icicle, Minnesota,is a competitive industry.All snowplow operators have the cost function C = Q2 + 4, where Q is the number of driveways cleared.Demand for snow removal in the town is given by Qd = 120 - P.The long-run equilibrium number of firms in this industry is

• A)120.
• B)29.
• C)56.
• D)58.
• E)59.

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Definitions:

Cultural Environments

The collection of beliefs, practices, norms, and values shared by a group of people within a specific region or organization.

Host-Country Nationals

Employees who are citizens of the country in which a multinational corporation's branch or subsidiary is located.

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Employees who are working in a branch of their company or a government's embassy that is located in a foreign country but are citizens of the country where the company's headquarters or government is based.