I need help with these. Please let me know which multiple choice are correct.

Figure 14-4 Figure 14-4 ATC TPrice ATC AVC AVC PY Q1 Q2 Q3 04 Q5 Quantity Q1 Q2 Q3 Q5 Quantity Refer to Figure 14-4. When market price is P7, a profit-maximizing firm's short-run profits can be represented by the area Refer to Figure 14-4. Firms would be encouraged to enter this market for all prices that exceed O P7 x Q5. O P1. O P7 x Q3. O P2. O (P7 - P5) x Q3. O P3. We are unable to determine the firm's profits because the quantity that the firm would produce is not labeled on the graph. O P 4. Refer to Figure 14-4. In the short run, if the market price is higher than P1 but less than P4, individual firms in a competitive industry will earn (hint: think about a firm's shut-down condition) positive profits. O zero profits. losses but will remain in business. losses and will shut down. Refer to Figure 14-4. In the short run, if the market price is higher than P4 but less than P6, individual firms in a competitive industry will earn positive profits. O zero profits. losses but will remain in business. losses and will shut down. Refer to Figure 14-4. In the short run, if the market price is P4, individual firms in a competitive industry will earn positive profits. zero profits. losses but will remain in business. losses and will shut down