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Vertical Mergers
Vertical mergers occur between companies in the same industry but at different stages of the production process, aiming to increase efficiencies and control over the supply chain.
Horizontal Mergers
The combination of two or more firms operating at the same level in an industry, aiming to increase market share.
Herfindahl Index
A measure of market concentration, calculated by summing the squares of the market shares of all competitors within an industry.
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