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Suppose a firm is operating a competitive market where the price of the good is $12. If, at the current level of output, the firm's

Suppose a firm is operating a competitive market where the price of the good is $12. If, at the current level of output, the firm's average cost is $15, marginal cost is $17, and the fixed costs is are $10, then the firm will:

a. cannot say without more information

b. increase profit by decreasing output

c.increase profit by increasing output

d. maximise profit by keeping output constant

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