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 comprise a very large number of small firms.
Correct Answer:
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Q339: Which of the following statements is true,
Q340: If the price of a fixed factor
Q341: Q342: Q343: Use the following data to answer the Q345: The minimum efficient scale of a firm Q346: Use the following data to answer the Q347: Economies of scale are indicated by Q348: Q349: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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