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Question
Observing the pattern of consolidation in U.S. industries over time, one will notice thata) horizontal integration has never been a very popular strategy.
b) firms that horizontally integrate tend to divest later.
c) horizontal integration has been very popular in the last two decades.
d) while a few industries have consolidated since 1970, most remain fragmented.
e) mergers were very common and acquisitions were rare from 1900 to 1999.
Answer
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