In large companies it is often the case that
A) bureaucracy compliments performance.
B) profits increase with market share.
C) bureaucracy overwhelms performance.
D) revenues increase faster than costs.
C
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Refer to the figure below. Suppose the solid line shows the demand for coffee. If coffee and tea are substitutes, and the price of tea falls, then you would expect:Â 
A. an increase in the quantity of coffee demanded, but no shift in the demand curve. B. the demand curve to shift to D(B) C. the demand curve to shift to D(A). D. a decrease in the quantity of coffee demanded, but no shift in the demand curve.
A unit-elastic demand curve will be concave toward the origin
a. True b. False Indicate whether the statement is true or false
What is the percentage of income received by the lower two quintiles on line X?
Answer the following statement(s) true (T) or false (F)
1. The demand curve for a monopolistic firm is the same as the demand curve for its market. 2. A monopolist’s marginal revenue always less than the price. 3. A monopolist will intentionally operate on the inelastic portion of its demand curve. 4. If marginal costs exceed marginal revenues, profits drop. 5. Multiplying average total cost by the output level gives the total cost.