Multiple Select Question

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Identify the true statements about a licensing agreement between two firms.

Multiple select question.

Licensing enables the licensee to rapidly acquire a technology $($or other capability or resource$)$ it does not have.

The agreement imposes many restrictions on the licensor, enabling the licensee to retain control over how the licensor's technology is used.

Licensing a technology from the licensor is typically much cheaper for the licensee than developing a new technology in$-$house.

For the licensee, licensing can enable the firm's technology to penetrate a wider range of markets than it could on its own.