Step 1: Recall the effect of reverse bias.
Increasing the reverse bias increases the depletion region width and decreases the junction capacitance.
Step 2: Determine its effect on performance.
The reduced junction capacitance allows charge carriers to be collected more quickly, resulting in
\[
\boxed{\text{Faster response time}.}
\]
Therefore,
\[
\boxed{(C)}
\]
is the correct answer.
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