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WAEC Commerce 1995 Question 10

Question 10

Business Combinations

When firms producing similar commodities join together, this is

  1. A.vertical merger
  2. B.holding company
  3. C.horizontal merger
  4. D.cartel
  5. E.lateral merger
Show the answer and explanation

Answer: C (horizontal merger)

Explanation

Firms at the same stage producing similar goods join in a horizontal merger.