Which of the following benefits is associated with owning a cooperative?

Owning a cooperative offers the significant benefit of shared resources and collective bargaining. This structure allows members to pool their resources, expertise, and financial assets, which can lead to more efficient operations and cost savings. By working together, members can access goods and services that might be too expensive or difficult to obtain individually. For instance, they can collectively negotiate better prices for supplies or services, which enhances their market power and reduces costs.

Moreover, the cooperative model encourages collaboration and unity among members, fostering a sense of community and mutual support that can be advantageous for small producers or businesses. This is in stark contrast to the individualistic approach seen in many traditional business models where businesses operate independently without the collective benefits available in a cooperative setting.

The other options do not capture the essence of cooperatives as effectively. Limited liability protection is often associated with corporations but doesn't specifically characterize the cooperative model. Access to large-scale production facilities might apply to some cooperatives, but it's not a defining benefit; rather, it's about the collective strength. The franchise business model advantages pertain to franchises, which are distinct from cooperatives as they involve different operational structures and goals.