Franchisors Typically Provide the

question 71

Multiple Choice

Franchisors typically provide the

• A)operational systems.
• B)monitoring techniques to run the business.
• C)both of these.
• D)none of these.

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Definitions:

Perfect Price Discrimination

The price discrimination that results when a monopolist charges each consumer the maximum that the consumer is willing to pay.

Marginal Cost

The change in the total cost that arises when the quantity produced is incremented by one unit.

Pay-per-view

a television service in which viewers pay for each individual program they watch.

Marginal Revenue

The increase in revenue a business achieves through the sale of one extra item or service.