You are the manager of a small U. S. firm that sells nails in a competitive U. S.market (the nails you sell are a standardized commodity; stores view yournails as identical to those available from hundreds of other firms). You areconcerned about two events you recently learned about through trade publica-tions: (1) the overall market supply of nails will decrease by 2 percent, due toexit by foreign competitors; and (2) due to a growing U. S. economy, the over-all market demand for nails will increase by 2 percent. Based on this informa-tion, should you plan to increase or decrease your production of nails?Explain