A group of three plants that is owned and operated by a single firm and that consists of a farm growing wheat, a flour-milling plant, and a plant that bakes and sells bread would best be an example of a: Multiple Choice conglomerate. vertically integrated firm. multiplant firm. horizontally integrated firm.
A group of three plants that is owned and operated by a single firm and that consists of a farm growing wheat, a flour-milling plant, and a plant that bakes and sells bread would best be an example of a: Multiple Choice conglomerate. vertically integrated firm. multiplant firm. horizontally integrated firm.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:A group of three plants that is owned and operated by a single firm and that consists of a farm growing wheat, a flour-milling plant, and a plant that bakes
and sells bread would best be an example of a:
Multiple Choice
conglomerate.
vertically integrated firm.
multiplant firm.
horizontally integrated firm.
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