Claude's Copper Clappers Sells Clappers for $65 Each in a Perfectly

Multiple Choice

Claude's Copper Clappers sells clappers for $65 each in a perfectly competitive market.At its present rate of output, Claude's marginal cost is $65, average variable cost is $45, and average total cost is $67.To maximize his profit or minimize his loss, 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