Claude's Copper Clappers Sells Clappers for $60 Each in a Perfectly

Multiple Choice

Claude's Copper Clappers sells clappers for $60 each in a perfectly competitive market.At its present rate of output, Claude's marginal cost is $65, average variable cost is $25, and average total cost is $62.To improve his profit/loss situation, Claude should

A) increase output
B) reduce output but not to zero
C) maintain the present rate of output
D) shut down
E) raise the price