Which One of the Following Is the Most Accurate Description

Which one of the following is the most accurate description of a monopolist?

A) a sole producer of a narrowly defined product class, such as brown, Grade A eggs produced in Eagle County, Colorado
B) a firm that is very large relative to all its competitors within a narrow product class
C) a sole producer of a product for which good substitutes are lacking in a market with high barriers to entry
D) a large, multinational firm that produces a single product in a narrow product class

Correct Answer:

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