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Horizontal, vertical and conglomerate merger
I'm trying to determine whether integration between the following types of firms would constitute a horizontal, vertical, or conglomerate merger. I took a guess, but am not sure as to the reasoning behind each. Can you clarify the types of mergers for me?
A food company and a drug company = conglomerate mergerA milk producer and a cheese producer = horizontal mergerA computer chip manufacturer and a silicon producer = vertical merger
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