1-Use the graph to answer the questions. Please choose the correct responses from the choices given. If the market price

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1-Use the graph to answer the questions.
Please choose the correct responses from the choicesgiven.
If the market price of computers is $800:
a. What is the profit-maximizing quantity?
$ [ Select ] ["300", "500", "700",""] computers per month
b. Calculate the profits (or losses) for this typical firm.
$ [Select ] ["60,000", "75,000","80,000"] per month
c. At this market price, will firms enter or exit themarket?
Firms will enter or exit themarket? [ Select ] ["enter", "exit", "no change"]
d. Will this entry or exit cause prices to rise or fall?
Prices will prices rise, fall, ornot change? [ Select ] ["rise", "fall", "no change"]
e. If price falls to $500, will firms exit themarket? [ Select ] ["yes", "no", "cannot tell from the informationgiven."]