Two competitors, Stanley's Food Mart and Bluejay Groceries, recently issued a joint announcement stating their decision to merge. The announcement claimed that the new firm would have more financial resources, which would enable it to expand services and broaden offerings to consumers. This proposed merger is an example of a horizontal merger.

Question

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A horizontal merger occurs between two companies in the same industry, which is the case with Stanley's Food Mart and Bluejay Groceries.

Two Competitors, Stanley's Food Mart and Bluejay Groceries, Recently Issued