Horizontal mergers tend to:

Select one:

a.

Occur in growing industries, between firms that sell diverse products, in industries having a relatively small production volume and ability to charge a premium for branded products.

b.

Occur in mature industries, between firms that sell diverse products, in industries that are characterised with stringent regulation and that havea relatively small number of small competitors.

c.

Occur in growing industries, between firms that sell diverse products, in industries having a relatively large number of large competitors.

d.

Occur in mature industries, between firms that sell similar products or substitute products, in industries having a relatively small number of large competitors.