Use the information below to answer the following questions.
Fact 12.4.2 Exxon Mobil Selling All Its Retail Gas Stations
Exxon Mobil is not alone among Big Oil exiting the retail gas business, a market where profits have gotten tougher as crude oil prices have risen. Gas station owners say they're struggling to turn a profit because while wholesale gasoline prices have risen sharply, they've been unable to raise pump prices fast enough to keep pace.
Source: Houston Chronicle, June 12, 2008
-Refer to Fact 12.4.2. Exxon Mobil's decision will ________ economic profit of other gasoline retailers, everything else remaining the same.

Question

Quizplus · Accepted Answer

Exxon Mobil's exit from the retail gas business reduces competition, potentially allowing remaining retailers to increase prices and improve their economic profit.

Use the Information Below to Answer the Following Questions