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Managers and owners/entrepreneurs of firms must make long-run decisions about the scale and scope of the firm's activities in response to changes in both organizational

Managers and owners/entrepreneurs of firms must make long-run decisions about the scale and scope of the firm's activities in response to changes in both organizational and market conditions that occur over time. Identify and discuss reasons why a firm might seek to alter the scale and scope of its activities. How does your explanation relate to the ideas and arguments presented in Coase (1937) 'The Nature of the Firm'?

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