Maya's family owns the only pharmacy in Smalltown.Adeline's family owns the only grocery store in town.A few items are sold by both retailers.This is an example of vertical competition.

Question

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Vertical competition refers to competition between businesses at different levels of the supply chain, such as manufacturers and retailers. Maya's and Adeline's businesses are at the same level, both being retailers, which would be an example of horizontal competition.

Maya's Family Owns the Only Pharmacy in Smalltown