Which Scenario Best Represents a Monopoly Situation

Which scenario best represents a monopoly situation

A) Bill and Tom work separately from one another but both sell a very rare form of the same diamond.They are the only sellers of this type of diamond in town.
B) Tim owns a fishing tackle shop in Vancouver, in which he sells the top-of-the-line fishing equipment.
C) Bob owns the only grocery store in a small community that lies 300 kilometres from the nearest city.
D) Robert is the only seller of a specific cola soft drink, but Erin sells one that is a close substitute.

Correct Answer:

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