Watch this short TED video Why do competitors open their stores next to one another?

Watch this short TED video Why do competitors open their stores next to one another? (Links to an external site.)Links to an external site.and The real origin of the franchise – Sir Harold Evans (Links to an external site.)Links to an external site..

What did you learn from these videos?

How does pricing come in to play with regards to competition and with franchising?

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