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Which of the following is a disadvantage of licensing and franchising?
Income
The monetary payment received for goods or services, or the earnings from investment capital.
United States
A country in North America, consisting of 50 states and a federal district, known for its significant influence on global politics, economy, and culture.
Perfectly Competitive
A market structure characterized by a large number of buyers and sellers, where no single entity has the power to influence the market price.
Equilibrium Wage
The wage rate at which the quantity of labor demanded equals the quantity of labor supplied.
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