If an industry's long-run average total cost curve has an extended range of constant returns to scale, this implies that
a. both relatively small and relatively large firms can be viable in the industry.
b. the industry will comprise a very large number of small firms.
c. technology precludes both economies and diseconomies of scale.
d. the industry will be a natural monopoly.
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If an industry's long-run average total cost curve has an extended range of constant returns to scal...
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