Question 1 (5 points) (05.01 MC)How did horizontal integration limit competition?

(05.01 MC)How did horizontal integration limit competition? (5 points)

Question 1 options:

1) Fewer independently owned companies existed to compete.

2) Companies agreed not to compete, so they all made more money.

3) More small companies tried to supply raw materials to large companies.

4) Suppliers could not produce enough to serve horizontally integrated companies.