Nathaniel was talking to his friend, Naomi, and they were comparing the pay they got for being car salespeople at different auto dealerships. Nathaniel was getting paid only based on commissions from the cars he sold, and he was earning about $40,000 per year. Naomi was getting a small salary, plus commissions, so she got paid about $50,000 per year. Nathaniel was a little disgruntled when he heard this. What was his view of his salary based on

Martha is one producer in the perfectly competitive jelly industry. last year, martha and all of her competitors found themselves earning economic profits. if there is free entry and exit, what do you expect to happen to the number of suppliers in the industry and the price of jelly? the number of suppliers will increase, and the price of jelly will fall. the number of suppliers will decrease, and the price of jelly will increase. the number of suppliers will increase, and the price of jelly will increase. the number of suppliers will decrease, and the price of jelly will fall.