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Scenario 15-2 wered The information below applies to a competitive firm that sells its output for $40 pe . When the firm produces and sells 150 units of output, its average total cost is $2 . When the firm produces and sells 151 units of output, its average total cost is $2 Refer to Scenario 15-2 . Suppose the firm is currently producing and selling 150 units of output. Should the firm increase its output to O a. No, because the average total cost exceeds the marginal revenue. O b. Yes, because the marginal revenue exceeds the marginal cost. O c. No, because the marginal cost exceeds the marginal revenue. O d. Yes, because the marginal revenue exceeds the average total cost