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

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