A monopolist will always sell in the inelastic portion of its demand curve.

Question

Quizplus · Accepted Answer

A monopolist will not always sell in the inelastic portion of its demand curve because doing so would mean reducing quantity to increase price, which would decrease total revenue. Monopolists aim to maximize profits, which often involves selling in the elastic portion of the demand curve where lowering the price slightly can lead to an increase in total revenue.

A Monopolist Will Always Sell in the Inelastic Portion of Its