Mobil Energy Corp has a monopoly on gas sales in Texas.If the price of oil increases,the price of gas will

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If the price of oil increases, Mobil Energy Corp would have to pay more for the oil they purchase to make gas. This will lead to an increase in their production costs, and in order to maintain their profits, they would have to increase the price of gas. Therefore, the price of gas will increase.

Mobil Energy Corp Has a Monopoly on Gas Sales in Texas.If