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A firm sells a product in a purely competitive market. The marginal cost of the product at the current output of 100 units is $6.00.

A firm sells a product in a purely competitive market. The marginal cost of the product at the current output of 100 units is $6.00. The minimum possible average variable cost is $4.00. The market price of the product is $5.00. To maximize profit or minimize losses, the firm should:

A)Continue producing 100 units

B)Shutdown

C)Produce less than 100 units

D)Produce more than 100 units

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