Why does the Monopolist Operate on the Elastic Part of the Demand Curve?
Get the answer of: Why does the Monopolist Operate on the Elastic Part of the Demand Curve? A monopolist wishing to maximise profit produces the output up to that amount at which MC = MR. But it is said that no monopolist will ever fix the output for his product at any level where demand for his product is inelastic [...]