Tris owns the only auto repair shop on Lonely Island. Tris is a single-price monopoly, so Tris operates on the ________ part of the ________ curve.

Name: Tris owns the only auto repair shop on Lonely Island. Tris is a single-price monopoly, so Tris operates on the ________ part of the ________ curve.
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Question

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A single-price monopoly operates on the elastic part of the demand curve because this is where marginal revenue is positive, allowing the firm to maximize profits by setting a price above marginal cost.

Tris Owns the Only Auto Repair Shop on Lonely Island