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Question 6 ( 1 point ) Listen If an industry's long - run average total cost curve has an extended range of constant returns to
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If an industry's longrun average total cost curve has an extended range of constant returns to scale, this implies that:
technology precludes both economies and diseconomies of scale.
the industry will be a natural monopoly.
both relatively small and relatively large firms can be viable in the industry.
the industry will be comprised of a very large number of small firms.
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