question 3 (8 points)\nhow did horizontal integration limit competition?\n a fewer independently owned…

question 3 (8 points)\nhow did horizontal integration limit competition?\n a fewer independently owned companies existed to compete.\n b companies agreed not to compete, so they all made more money.\n c more small companies tried to supply raw materials to large companies.\n d suppliers could not produce enough to serve horizontally integrated companies.

question 3 (8 points)\nhow did horizontal integration limit competition?\n a fewer independently owned companies existed to compete.\n b companies agreed not to compete, so they all made more money.\n c more small companies tried to supply raw materials to large companies.\n d suppliers could not produce enough to serve horizontally integrated companies.

Answer

Brief Explanations:

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.

Answer:

A. Fewer independently owned companies existed to compete