The Populists succeeded in using the federal government to limit subsidies granted to corporations

All else equal, oil price increases decrease annual oil consumption and therefore decrease the number of years until the oil stock is depleted

Indicate whether the statement is true or false

A monopoly faces an inverse demand curve of P = 100 - 2Q. The marginal cost curve is MC = .5Q. What government price ceiling would represent optimal price regulation?

What will be an ideal response?