Question

The fact that many industries absorbed their competitors and formed oligopolies:
a. illustrates horizontal integration.
b. illustrates vertical disintegration.
c. contributed to the dismantling of agglomeration economies.
d. is a phenomenon that began only in the late 1970s.

Answer 1

Answer:

The answer is a. illustrates horizontal integration.

Explanation:

Horizontal integration occurs when two businesses merge that produce goods or services at the same level in the value chain. This can result in the creation of a monopoly or oligopoly.