The fact that many industries absorbed their competitors and formed oligopolies
A) illustrates horizontal integration.
B) illustrates vertical disintegration.
C) contributed to the dismantling of agglomeration economies.
D) is a phenomenon that began only in the late 1970s.

Question

Quizplus · Accepted Answer

Horizontal integration occurs when a company absorbs its competitors, leading to the formation of oligopolies. This process involves companies at the same stage of production in the same or different industries.

The Fact That Many Industries Absorbed Their Competitors and Formed