Suppose the CEO of a company in a competitive capitalist industry is given an estimate that the demand for industry's product will grow between 8- 12% over the next three years.What increase in output will the CEO most likely recommend for the next three years?

Group of answer choices

a) Less than 8% to avoid having unsold inventory.

b) exactly 8% to be on the cautious side.

c) 12% to be aggressive.

d) more than 12% because he or she wants the company to not only keep up with demand but also to increase the firm's market share.