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Economics (AS & A Level) · Oct / Nov 2024 · Paper 31 · Question 10

9708Growth and survival of firms

Firms X and Y merge in a horizontal integration. What must be true about the industry and the stage of production in which X and Y operate?

  1. Adifferent industry, different stage of production
  2. Bdifferent industry, same stage of production
  3. Csame industry, different stage of production
  4. Dsame industry, same stage of production

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Correct answer: D. same industry, same stage of production

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