In eаch оf the fоllоwing situаtions, describe one wаy that a firm could perform vertical integration and explain the benefits of doing so. (5 points each) a. A company specializing in the production of electric vehicles (EVs) relies on third-party battery manufacturers for its EVs' battery packs. b. A fast-food restaurant chain franchises its brand to independent franchisees who operate individual restaurant locations. c. A biotech firm develops a new product that will be produced, tested, and distributed by an established pharmaceutical company.