A monopolistically competitive firm influences market price because of product differentiation.

The corporate income tax can be understood fully without reference to other elements of the federal tax code

a. True b. False

Which of the following would shift the supply curve for a good to the left?

a. an increase in the price of that good b. a decrease in the price of an alternative good c. an improvement in technology for producing that good d. an increase in the cost of an important resource used to make that good e. an increase in the number of producers