A horizontal merger is a merger between
a. Two or more firms from different and unrelated markets.
b. Two or more firms at different stages of the production process.
c. A producer and its supplier.
d. Two or more firms in the same market.
Answer:D
Answer (d) is correct The requirement is to identify a horizontal merger.
Answer (d) is correct because a horizontal merger is one between competitors in the same market.
Answer (a) is incorrect because it describes a conglomerate merger.
Answers (b) and (c) are incorrect because they describe vertical mergers.