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definition:is a contract issued by a local authority to that gives a single firm the right to sell its goods in an exclusive market.
- National companies will give an entrepreneur exclusive rights to sell their products - National parks gives one business the rights sell its products at in the park connected key terms:license
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▪ McDonald's ▪ Dominos ▪ KFC ▪ Pizza Hut ▪ Subway ▪ Dunkin' Donuts ▪ Taco Bell ▪ Baskin Robbins |