Question

3. Horizontal Integration occurs when * a. Companies create a far playing field with other businesses b. Companies buy up all competition to form a monopoly. c. Companies buy up all of the factors of production that contribute to the final product. d. Companies downsize in profits every year.

Answer 1

b. Companies buy up all competition to form a monopoly.

Step-by-step explanation:

Horizontal integration is a term that refers to a corporate strategy, where a company buys or joins other companies in the same commercial sector and that work with the same products, creating a great company that can even provoke a monopoly in the productive sector, but its main objective is to strengthen the consolidation of the sector and total control of the production of a product.