In a ____merger, two firms that heretofore have been competitors in the same line of business combine.

Name: In a ____merger, two firms that heretofore have been competitors in the same line of business combine.
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In a horizontal merger, two companies that have been competitors in the same industry or line of business combine their operations. This type of merger is aimed at consolidating market power, reducing competition, and achieving economies of scale.

In a ____Merger, Two Firms That Heretofore Have Been Competitors