Consider each of the following scenarios for profit-maximizing firms operating in perfectly competitive markets. Assume that each firm faces rising marginal costs at the given level of output. For each firm, state whether the firm should produce nothing, or increase, decrease, or maintain its output level. a. XYZ Corp. has output of 2000 units, market price = $65, average total cost = $61, average variable cost = $41, and marginal cost = $66. Should the firm produce nothing, or increase, decrease, or maintain its output level? The firm should maintain their outputhavel because p AVC maintain their output level decrease their output level increase their output level produce nothing