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Homework answers / question archive / If an industry's long-run average total cost curve has an extended range of constant returns to scale, this implies that: A

If an industry's long-run average total cost curve has an extended range of constant returns to scale, this implies that: A

Economics

If an industry's long-run average total cost curve has an extended range of constant returns to scale, this implies that:

A. technology precludes both economies and diseconomies of scale,

B. the industry will be a natural monopoly,

C. both relatively small and relatively large firms can be viable in the industry,

D. the industry will be comprised of a very large number of small firms.

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