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Firm D is looking to acquire Firm E. Firm E is in an unrelated industry that typically has a negative correlation with the prospects of

Firm D is looking to acquire Firm E. Firm E is in an unrelated industry that typically has a negative correlation with the prospects of Firm D's industry. The rationale for acquiring Firm E is most likely related to:

a.

tax savings from operating losses

b.

efficiency gains

c.

economies of scale

d.

reducing input costs

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