(Solved): A "vertically integrated firm" is a firm that combines firms which formerly competed. manages all st ...

A "vertically integrated firm" is a firm that combines firms which formerly competed. manages all stages of production, from the production of raw materials to the marketing of the final product, within the firm. earns zero economic profits due to the highly competitive market within which it operates. has representatives on its board of directors from many of the companies that it buys from and sells to.