Explain vertical chain-upsteram or downstream


Some analysts have argued that the best vertical market situation for a firm to possess competitive advantages while everyone else in the vertical chain, upsteram or downstream, no matter where one is in the vertical chain is more perfectly competitive. If not, then vertical integration is desirable. This, of course is true only if the firm has the appropriate technique for transfer pricing. Elaborate on this idea.

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Microeconomics: Explain vertical chain-upsteram or downstream
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