200? Umm the newest here was the early Iron Age which was 600... but if you meant 2000 bc it would be B.THE LATE STONE AGE
The pros were that you were being protected by the guild in case of something bad happening you like getting hurt or similar. They would help you and your family for example. The cons were that you wouldn't be able to dictate the price of your wares which was done to prevent exploitation of consumers, so even if you were in a position to establish a personal monopoly, you couldn't and you couldn't become richer than what is the adequate wealth for a merchant.
<span>Most colonies established the royal charter</span>
