Why would existing franchise owners have an interest, Microeconomics

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Why would existing franchise owners have an interest

Problem

Case Study: The Reputation of a Big Mac

Explain how the time and financial requirements involved in obtaining a McDonald's franchise relate to the hidden-characteristics problem. Why would existing franchise owners have an interest in the maintenance of high application standards for new franchise owners?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why would existing franchise owners have an interest

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