We say that a firm is vertically integrated if:
A) it makes a lot of its own outputs.
B) it makes a lot of its own inputs.
C) it centralizes all output decisions but decentralizes pricing decisions.
D) it decentralizes all input purchases but centralizes output levels.

Question

Quizplus · Accepted Answer

A firm is vertically integrated if it controls multiple stages of production, often by producing its own inputs, rather than relying on external suppliers.

We Say That a Firm Is Vertically Integrated If