We say that a firm is vertically integrated if:
A)it develops differentiated products that command price premiums.
B)it makes some of its own inputs.
C)it centralizes all its output decisions but decentralizes its pricing decisions.
D)it decentralizes all its input purchases but centralizes its decisions on output.

Question

Quizplus · Accepted Answer

Vertically integrated firms produce goods and services using resources they own or control, including making some of their own inputs. This can involve owning suppliers, manufacturers, and/or distributors. The other options do not relate to vertical integration.

We Say That a Firm Is Vertically Integrated If