Examlex
Horizontal integration can affect several of Porter's five forces for the surviving firms.Which of the following would this include?
Binding Price Floor
A minimum price set by the government for certain goods and services that is above the equilibrium price, causing a surplus.
Unwanted Surplus
An excess of goods that exceeds consumer demand, leading to unsold stock and potential waste.
Inefficiencies
Refers to situations where resources are not used in the most effective way, leading to waste or lost potential benefit.
Taxicab Medallions
License plates required for taxicabs that signify they are legally registered to operate; these medallions are often subject to municipal limitations and can be quite valuable.
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