目前，除非合并后的企业具有无可争议的巨大市场力量，或这个企业能缓解过于激烈的市场竞争，否则将不允许进行水平合并。
These should now be permitted unless they would leave one company with uncontestable market power or allow the remaining companies to compete less vigorously.
例如，一项研究表明，平均来看，收购公司无法维持被收购公司合并前的盈利水平。
One study showed, for example, that acquiring firms were on average unable to maintain acquired firms' pre-merger levels of profitability.
然而这种老式的飞机还得承受压力做事：同种类的合并正取代地区性或者大陆水平的运营模式。
Yet this old model is coming under pressure: consolidation of a sort is taking place at a regional or continental level.
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