Managing in Monopolistic, Monopolistically Competitve market You are the manager of a small US firm

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Managing in Monopolistic, Monopolistically Competitve market

You are the manager of a small US firm that sells nails in a
competitive US market (the nails you sell are a standardized commodity, and are
identical to those available from hundreds of other suppliers) You are
concerned about two things you recently read (1) the overall market supply of
nails will decrease by 2% due to exit by foreign competitors and (2) due to a
growing US economy the overall market demand for nails with increase by 2%
Based on this info, should you plan to increase or decrease your production?