(Answered) : How do economists understand broader firm context? Firms are set not only in the context of actors that we traditionally asso

How do economists understand broader firm context?

Firms are set not only in the context of actors that we traditionally associate with industry, but

also a much larger set of less obvious industry participants, social forces, and political forces.

Economists have not overlooked these. We take a look at key articles on the context of firms

and how these have influenced recent work in strategy.

please use citations and references to answer it. answer should be 75-100 words,

Expert Answer

Economists take into consideration the broad economic forces that firms face when making a decision. The decision can be with regards to any aspect

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