Step 1: Concept
Substitute the coordinates $(m, 1/m)$ into the general equation of a circle $x^2 + y^2 + 2gx + 2fy + c = 0$.
Step 2: Analysis
$m^2 + (1/m)^2 + 2gm + 2f/m + c = 0 \Rightarrow m^4 + 2gm^3 + cm^2 + 2fm + 1 = 0$.
Step 3: Evaluation
The values $m_1, m_2, m_3, m_4$ are the roots of this fourth-degree equation.
Step 4: Conclusion
The product of the roots is the constant term divided by the coefficient of $m^4$, which is $1/1 = 1$.
Final Answer: (a)