A profit-maximizing monopolist will always operate where demand is inelastic.

Name: A profit-maximizing monopolist will always operate where demand is inelastic.
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A profit-maximizing monopolist will operate where marginal revenue equals marginal cost, which can occur in both elastic and inelastic portions of the demand curve. However, it is more common for them to operate in the elastic portion to avoid reducing total revenue.

A Profit-Maximizing Monopolist Will Always Operate Where Demand Is Inelastic