O-LevelEconomicsMicroeconomic decision makers2281/12 · Oct/Nov 2020 · Q141 Mark

Firm X supplies bricks and decides to merge with firm Y that also supplies bricks. Which form of merger has taken place?

Abackward vertical

Bconglomerate

Cforward vertical

Dhorizontal

✓ Correct answer

D: horizontal

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2020 Paper 1 Variant 2, question 14.

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