Your friends own a lawn care business. They own their own equipment and trailers to transport it. Eventually they buy out another local lawn care company and double their customers. This is an example of (5 points) ending an oligopoly creating an oligopoly vertical consolidation horizontal consolidation i have no clue what these mean ive tried googling but none of it helps can someone help me

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Your friends own a lawn care business. They own their own equipment and trailers to transport it. Eventually they buy out another local lawn care company and double their customers. This is an example of (5 points) ending an oligopoly creating an oligopoly vertical consolidation horizontal consolidation i have no clue what these mean ive tried googling but none of it helps can someone help me

Economics - Financial Markets
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An oligopoly is when business work together to create a price for goods. A consolidation is when two businesses merge.
If a business that assembles action-figure toys bought a company that marketed and distributed those toys, that would be vertical consolidation. If a clothing store bought another clothing store, that would be horizontal consolidation.
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So yes, horizontal consolidation. If they doubled their customers, the second company was performing about as well as them.
yes haha sorry i just now saw this again. thank you so much

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