Which of the following benefits do franchisees enjoy over other small business owners? Select the two correct answers. A. Franchises benefit from the successful marketing provided by franchisors.

B. Franchises have lower start-up costs than other small businesses

C. Franchises have more control over the goods and services that they provide.

D. Franchises have a lower 5-year failure rate than other small businesses

E. Franchises are less expensive to operate than other small businesses.

What is free trade? a. trade that is not subject to taxes or fees b. trade that governments do not interfere with c. trade with a high level of government regulation d. trade between states in the u.s. b

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?

Investors who put their own money into a startup are known as a. mannequins b. obligators c. angels d. borrowers