Multiple Choice I only. Ill only. I and II only. Il and Ill only. tv AUG 3Consider the following statements: I. A vertically integrated firm is more dependent on its suppliers than a firm that is NOT vertically integrated. Il. Many firms feel they can control quality better by making their own parts. Ill. A vertically integrated firm realizes profits from the parts it is "making" instead of "buying" as well as profits from its regular operations. Which of the above statements represent advantages to a firm that is vertically integrated? Multiple Choice I only. Ill only I and II only. tv A AUG 3