Which mix of cost conditions is most likely to create a barrier to entry for a new firm wishing to enter an industry?
- Afixed costs as a proportion of total costs: high; minimum efficient scale of firms in the industry: high output; level of sunk costs: high
- Bfixed costs as a proportion of total costs: high; minimum efficient scale of firms in the industry: low output; level of sunk costs: high
- Cfixed costs as a proportion of total costs: low; minimum efficient scale of firms in the industry: high output; level of sunk costs: low
- Dfixed costs as a proportion of total costs: low; minimum efficient scale of firms in the industry: low output; level of sunk costs: low