This is the activity statement.In his article Coase explains why certain firms might take over another firm. Write an essay abouta recent take-over or merger, and see if you can explain it along the lines of Coases article.Maybe there are other motives for the take-over too such as managerial incentives, or a desireto obtain market power? If so, clearly set them apart from Coases explanation for take-overs.Structure of the essayStep 1: The introduction Describe briefly the issue you will discuss in your essay. Which aspect of the theory of Coase will be applied? Try to describe this in one or twosentences. Which question will you answer in your essay? Find the main question in the assignmentdescription above.Page 2Step 2: The analysis In analysis you give all the arguments that are relevant itothis particular issue. Thisshould concern arguments that support a certain viewpoint and arguments that opposeit. Your arguments should clearly be linked to the work of Coase. In this case you willhave to use other sources and find facts about the merger or take-over that support theidea that the merger or take-over is in line with Coases theory or that show that it is not.Step 3: The conclusion In the conclusion you should state the main arguments and weigh them up themain: argue why the arguments that the merger or take-over is in line with Coases viewoutweigh the arguments that counter this idea or vice versa. In the conclusion it shouldbecome clear why you take a certain stand.ReferenceCoase, R. H. (1937). The nature of the firm. Economica.I need this essay structured in 5 paragraphs.1. introduction2.Argument 13. Argument 24. Argument 35 Conclusion
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