Pierson corporation owned 10,000 shares of hunter corporation. these shares were purchased in 2011 for $90,000. on november 15, 2015, pierson declared a property dividend of one share of hunter for every ten shares of pierson held by a stockholder on that date, when the market price of hunter was $28 per share, there were 90,000 shares of pierson outstanding what gain and net reduction in retained earnings would result from this property dividend?

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.