If an industry is characterized by universal constant returns to scale:
A)then natural monopoly is inevitable.
B)perfect competition should survive.
C)firms should be extremely small.
D)no prediction can be made about the size of firms in an industry.

Question

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The Answer of If an industry is characterized by universal constant returns to scale:
A)then natural monopoly is inevitable.
B)perfect competition should survive.
C)firms should be extremely small.
D)no prediction can be made about the size of firms in an industry.

If an Industry Is Characterized by Universal Constant Returns to Scale