uestion 16 Which of the following is an advantage of establishing a joint venture? When the development costs and/or risks of opening a foreign market are high firm might gain by sharing these costs and or risks with a local prtner. Joint ventures give a firm a tight control over subsidiaries that it might need to- realize experience curve or location economies. The firm is deprived of the knowledge of the host country's competitive conditions, culture, language, etc. Joint ventures with local partners do not face any risk of being subject to nationalization or other forms of adverse government interference. Question 17 1 pts