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With the help of below script and based on my requirement I am able to set my limit for co-authoring the authors for sharepoint documents at site collection level

$siteurl = "SiteURL"
$mysite=new-object Microsoft.SharePoint.SPSite($siteurl)
$mysite.WebApplication.WebService.CoauthoringMaxAuthors = <MaxAuthors>
$mysite.WebApplication.WebService.Update()

But I would like to implement the script or Tune the option if exists at SharePoint farm level.Can any one help me how can I achieve this

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