Observing the pattern of consolidation in U.S. industries over time, one will notice that
A) horizontal integration has never been a very popular strategy.
B) firms that horizontally integrate tend to divest later.
C) horizontal integration has been very popular in the last two decades.
D) while a few industries have consolidated since 1970, most remain fragmented.
E) mergers were very common and acquisitions were rare from 1900 to 1999.
Correct Answer:
Verified
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A) lower
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