Question

What is the difference between vertical and horizontal integration

Answer 1

Answer: -vertical integration- one method of avoiding the hold-up problem. A monopoly produced through vertical integration is called vertical monopoly

-horizontal integration- the opposite of vertical integration, where companies integrate multiple stages of production of a small number of production units

Explanation: Hope this helps :)

Answer 2

Vertical integration is the process of buying out suppliers of that particular industry. The main difference is that horizontal integration buys the competing companies while vertical integration aims at the raw material sources necessary to produce that product.