1. From an article: "Jason Furman, who was chairman of President Barack Obama's Council of Economic Advisers, said ... in perfect competition, an increase in demand will cause prices and profits to go up in the short run 'because it takes time for new firms to enter and compete away those profits.'" Based off what Jason Furman, once new firms are able to enter and compete away profits, what happens to the price each firm faces and do the economic profits end up being a. negative b. zero c. positive? Briefly explain your