If a pure monopolist is operating in a range of output where demand is elastic:
a. it cannot possibly be maximizing profits.
b. total revenue will be declining.
c. marginal revenue will be positive but declining.
d. marginal revenue will be positive and rising.
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Home » Business » If a pure monopolist is operating in a range of output where demand is elastic: a. it cannot possibly be maximizing profits. b. total revenue will be declining. c. marginal revenue will be positive but declining. d.