Final answer:
Horizontal integration involves companies buying out competitors to increase market power and potentially create monopolies.
Explanation:
Horizontal integration involves a company buying out or combining with a competitor to increase market power and dominate a particular industry. This strategy can lead to the creation of a monopoly where one firm controls a significant share of the market, potentially resulting in higher prices and lower quality due to lack of competition. Regulatory efforts, such as antitrust laws, aim to prevent monopolies and unfair market dominance.
Learn more about Horizontal Integration and Monopolies here:
https://brainly.com/question/2376002
