Help plz Lorie teaches singing. Her fixed costs are $1,000 a month,and it costs her $50 of labor to give one class. The tableshows the demand schedule for Lorie's singing lessons.Will other firms enter the singing lesson business andcompete with Lorie?Other firmsbecauseA. will not; very few people want to take singinglessonsOB. will; singing lessons have low fixed costsC. will not; Lorie is incurring an economic lossOD. will; Lorie is making an economic profit%5enter the singing lesson businesst6y&7Ou*80OPrice(dollars per lesson)050100150200250(9O✓0Quantity demanded(lessons per month)250200150100500NextpmptsES C10

Given Demand schedule: Price ($ per lesson) Quantity demanded (lesson per month) 0 250 50…

Lorie teaches singing. Her fixed costs are $1,000 a month, and it costs her $50 of labor to give one class. The table shows the demand schedule for Lorie's singing lessons. Will other firms enter the singing lesson business and compete with Lorie? Other firms because *** enter the singing lesson business OA. will not; very few people want to take singing lessons B. will; singing lessons have low fixed costs O c. will not; Lorie is incurring an economic loss OD. will; Lorie is making an economic profit Price (dollars per lesson) 0 50 100 150 200 250 Quantity demanded (lessons per month) 250 200 150 100 50 0