The sole regional supplier of Gasanol, a fuel made of gasoline and soy oil, operates in a(n) _____ market.

Name: The sole regional supplier of Gasanol, a fuel made of gasoline and soy oil, operates in a(n) _____ market.
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Question

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The fact that the company is the sole regional supplier of Gasanol indicates that they have complete control over the market, and therefore operate in a monopoly market. There are no other competitors in the market that could influence the price or quantity of Gasanol.

The Sole Regional Supplier of Gasanol, a Fuel Made of Gasoline