Question: (a) Suppose the market demand function for a good which is the firm's demand function, with monopoly is given by q = -5p+1000, find

(a) Suppose the market demand function for a good which is the

(a) Suppose the market demand function for a good which is the firm's demand function, with monopoly is given by q = -5p+1000, find the total revenue function and the point of maximum. (5) (b) Given above what is the possible function for the average revenue? (2)

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