The Hopp's Farm sells a product (carrots) in a purely competitive (price-taker) market. The marginal cost of the product at the current output of 1,000 units is $0.50. The marginal cost rises with higher levels of output. The minimum possible average variable cost is $0.30. The market price of the product is $0.50. To maximize profits or minimize losses, the Hopp's Farm should: Question 1 Select one: a. Continue production, but produce less than 1,000 units b. Increase production to more than 1,000 units c. Shut down d. Continue producing 1,000 units