Which is an example of a vertical merger?
A) Southwest Airlines merging with United Airlines
B) Microsoft merging with The Home Depot
C) Mrs. Fields merging with Oakhurst Dairy
D) Random House merging with Barnes & Noble
E) Norwegian Cruise Line merging with Royal Caribbean
Answer: D
Explanation: D) A vertical merger is when two companies that are in the same industry but perform different activities merge. Both Random House and Barnes & Noble are in the book business, with Random House publishing them and Barnes & Noble selling them.
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