A firm acquires or merges with a competitor. This is an example of:

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When a firm acquires or merges with a competitor, it is an example of horizontal integration. This refers to the combination of firms operating in the same industry or market to achieve economies of scale, greater market power, and increased efficiency. Vertical integration, on the other hand, refers to the combination of firms operating at different stages of the supply chain, while complementary integration involves the combination of firms that produce complementary products or services.

A Firm Acquires or Merges with a Competitor