The growth in the size and scope of companies throughout most of the 19^th and 20^th centuries can be attributed primarily to the increasing transaction cost of markets.

Name: The growth in the size and scope of companies throughout most of the 19 th and 20 th centuries can be attributed primarily to the increasing transaction cost of markets.
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The growth in company size and scope was primarily due to technological advancements, economies of scale, and strategic management, not just transaction costs.

The Growth in the Size and Scope of Companies Throughout