The franchise system attempts to limit the entry of new firms into an existing industry.

Name: The franchise system attempts to limit the entry of new firms into an existing industry.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The franchise system allows existing firms to expand their operations by selling franchises to new entrepreneurs. This limits the entry of new firms into an existing industry because it makes it more difficult for new firms to compete with established brands.

The Franchise System Attempts to Limit the Entry of New