The North Dakota Wheat Guild (NDWG) sells hard red winter wheat in a purely competitive (price-takers) market. The marginal cost of the wheat at the current output of 50,000 units is $1.50. The marginal cost rises with higher levels of output. The minimum possible average variable cost is $1.00. The market price of the product is $1.25. To maximize profits or minimize losses, NDWG should: Select one: O a. Shut down O b. Continue production, but produce less than 50,000 units c. Increase production to more than 50,000 units O d. Continue producing 50,000 units