Claude's Copper Clappers sells clappers for $65 each in a perfectly competitive market. At its present level 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 _____ Group of answer choices shut down. increase output. reduce output but not to zero. raise the price. continue producing the present level of output.

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