If an industry's long-run average total cost curve has an extended range of constant returns to scale,this implies that:

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The extended range of constant returns to scale means that both small and large firms can operate efficiently in the industry. This suggests that the industry does not have significant barriers to entry, as a natural monopoly would. Additionally, the availability of constant returns to scale implies that technology does not necessarily lead to economies or diseconomies of scale.

If an Industry's Long-Run Average Total Cost Curve Has an Extended