What price and quality will Maximize Russia's profit from selling cruise oil to Europe?

Part IV. European Price Caps. Suppose that the demand for crude oil in the European Union is depicted below (i.e., Q = 4 - .02P) and that the EU's only source of oil is, and will continue to be, Russia. To keep things easy, suppose that Russia produces oil at a marginal cost of EO per barrel. $200 $175 Price per Barrel () $150 $125 $100 $75 $50 $25 Demand SO 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 Barrels per day (millions)