A pure monopoly firm will never charge a price in the inelastic range of its demand curve because lowering price to get into this region will

Decrease total revenue, increase total cost, and decrease profit

Explanation:

A pure monopoly can be regarded as the single supplier that exist in a particular market as well as industry. In a market where there is pure monopoly, it doesn't allow a close competitors or substitute, pure monopoly is when single firm has control over 25% of the market.

It should be noted that a pure monopoly firm will never charge a price in the inelastic range of its demand curve because lowering price to get into this region will

✓Decrease total revenue

✓increase total cost, and

✓decrease profit

rational decision making is a multi-step process for making choices between alternatives. the process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight. the word “rational” in this context does not mean sane or clear-headed as it does in the colloquial sense.

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