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

answer; no individual buyer or seller has any significant impact on the market price;