If All Firms in a Market Have the Same LRATC

Multiple Choice

If all firms in a market have the same LRATC curve,

A) only one of them can survive in the long run
B) the lowest possible long-run price is determined by LRATC at minimum efficient scale
C) the highest possible long-run price is determined by LRATC at minimum efficient scale
D) minimum efficient scale must be zero
E) there is no minimum efficient scale