1. Which of the following is an advantage of franchising?
It allows a business to consist of only general partners.
It allows businesses to reach profitable new markets.
It enables two businesses to pool their resources to pursue a common goal.
It grants free access to the intellectual property of a business to anyone in the same market.
2. A group boycott occurs when:
parties enter into a trade agreement that has greater anticompetitive effects than procompetitive effects.
parties at different levels of distribution enter into an agreement to adhere to a schedule that will stabilize prices.
competitors agree that they will distribute their goods to only a particular portion of the market.
competitors at one level of distribution collectively refuse to deal with others at a different level of distribution.