If a Firm in an Industry Achieves the Minimum Efficient

Multiple Choice

If a firm in an industry achieves the minimum efficient scale at a low cost,then _____

A) competition in the industry is likely to decrease.
B) competition in the industry is likely to increase.
C) the price charged by the firm is likely to be high.
D) the demand for the firm's product is likely to be less.
E) the profit earned by the firm is likely to be high.