Question

What did a guild do for the merchants? set up rules and prices set up shops and fairs bought land and shops trained new merchants

Answer 1

The correct answer is the last option. A guild is an association of artisans or merchants who oversaw and trained new merchants (apprentice). They were organized in a manner of a professional association, trade union, cartel, and secret society. The important result of guilds is emergence of universities of Bologna, Paris and Oxford.