Hardaway is a person who fixes computers.Their fixed costs are $1,000/month, and it costs them $15 of labour to fix one computer.The table below shows the demand schedule for Hardaway's Computer Services: ( data in the picture)

A, Calculate Hardway's profit-maximizing price, output, price and economic profit, show your work with a chart

B)Do you expect other firms to enter the computer repair business and compete with Hardaway?(2 pts) Why or why not? (2 pts)

a)What will happen to demand for Hardaway's Computer Services in the long run? (4 pts)

a)What happens to Hardaway's economic profit in the long run? (4 pts)

I Normal No Spac... Heading 1 Heading 2 Title Paragraph Styles 1 1 . 2 . 1 . 3 . 1 . 4 . 1 5 1 . 10 . 1 . 11 . 1 . 12 . 1 . 13 . 1 . 14 . 1 . 15A 16 . 1 . 17 Problem 3 "Monopolistic Competition" (20 points) Hardaway is a person who fixes computers. Their fixed costs are $1,000/month, and it costs them $15 of labour to fix one computer. The table below shows the demand schedule for Hardaway's Computer Services. Price Quantity ($/computer) (computers / month) 25 0 20 10 15 20 10 30 5 40 0 50 a) Calculate Hardway's profit-maximizing price, output, price and economic profit, show your work with a chart (8 points)