Question: Identify the incorrect answer concerning horizontal and vertical integration: In horizontal integration like companies were combined together like Exxon purchasing Standard Oil. An example of

Identify the incorrect answer concerning horizontal and vertical integration:

In horizontal integration like companies were combined together like Exxon purchasing Standard Oil.

An example of vertical integration would be if Standard Oil purchased a railroad

An example of horizonal intergration is Andrew Carnegie Steel purchased a coal mine

Horizontal and vertical integration were used by monopolies to control costs and destroy competition.

Vertical integration combined different but related industries under one monopoly to create economies of scale.

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