Question: In class, we reviewed a response from ChatGPT comparing the goals of vertical and horizontal integration The relevant part of the response states: Vertical integwation

In class, we reviewed a response from ChatGPT comparing the goals of vertical and horizontal integration The relevant part of the response states:

"Vertical integwation aims to control the sumply choin to increase efficiency and reduce coits. Horisontal integration teets to increme marhet share and reduce competition by ocquiring companies with similar productsor services.

Do you think this answer fully captures the differences in goals between vertical and horizontal integration? If yes, briefly explain how vertical integration reduces costs and how horizontal integration increases market share. If no

,

identify what's missing from the explanation.

In class, we reviewed a response from ChatGPT

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