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Economics · Oct / Nov 2020 · Paper 12 · Question 14

2281Firms

Firm X supplies bricks and decides to merge with firm Y that also supplies bricks. Which form of merger has taken place?

  1. Abackward vertical
  2. Bconglomerate
  3. Cforward vertical
  4. Dhorizontal

As printed in the paper

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Correct answer: D. horizontal

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