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Question
question 3 (8 points)
how did horizontal integration limit competition?
a fewer independently owned companies existed to compete.
b companies agreed not to compete, so they all made more money.
c more small companies tried to supply raw materials to large companies.
d suppliers could not produce enough to serve horizontally integrated companies.
Horizontal integration is the combination of companies in the same industry. When this occurs, there are fewer independently - owned companies left in the market, reducing competition.
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A. Fewer independently owned companies existed to compete