Question

Firms often consolidate industries through horizontal mergers and acquisitions to?

Answer 1

Firms often consolidate industries through horizontal mergers and acquisitions to increase their market power.

What is market?

• A market is a collection of systems, institutions, processes, social relationships, or infrastructures in economics that allow parties to exchange goods and services.
• While parties may trade goods and services for money, the majority of markets rely on sellers providing their wares or services—including labor—to customers in exchange for payment.
• A market, in this sense, is the mechanism by which the costs of goods and services are decided.
• Markets enable distribution and allocation of resources in a community and facilitate trade.

What purpose do markets serve?

• Markets are crucial.
• They serve as the exchange mechanism for corporate stock and provide access to funds for firms.
• Markets have a key role in how prices are set, how liquidity is transformed, and how businesses may meet customer wants.

Learn more about market here:

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