Answer:
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
