If a firm has low fixed costs relative to all other firms in the same industry, a large change in sales volume (either up or down) should have:
a. no effect in any way on the firms as volume does not effect fixed costs.
b. None of these.
c. a smaller change in OCF for the firm versus the other firms.
d. a larger change in OCF for the firm versus the other firms.
e. a decreasing effect on the cyclical nature of the business.