Use the attached reading to answer the following questions:

Sraffa also clarified the consequences of economies of scale for industry supply in the long run.

1. If a firm faced increasing returns to scale, what would this mean for industry supply? Why? Answer with quotes and page numbers from the reading along with your explanation.

2. If a firm faced constant returns to scale, what would this mean for firm size, according to Sraffa? Answer with quotes and page numbers from the reading along with your explanation.

Link to Piero Sraffa reading: https://www.jstor.org/stable/pdf/2959866.pdf?refreqid=fastly-default%3A43671186a1832c6b418fb2609743c95c&ab_segments=&origin=&initiator=&acceptTC=1

Reference: Sraffa, P. (1926). The Laws of Returns under Competitive Conditions. The Economic Journal, 36(144), 535-550.