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

Question

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

sicklefirebolt · Answer

An oligopoly is when business work together to create a price for goods. A consolidation is when two businesses merge.

sicklefirebolt · Answer

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.

sicklefirebolt · Answer

Understand?

anonymous · Answer

So yes, horizontal consolidation. If they doubled their customers, the second company was performing about as well as them.

anonymous · Answer

yes haha sorry i just now saw this again. thank you so much