Characteristics of a Monopoly Include Which of the Following

Multiple Choice

Characteristics of a monopoly include which of the following?
(i) it is the sole seller of its product
(ii) its product does not have close substitutes
(iii) it generates large economic profits
(iv) it is located in a small geographic market

A) (i) , (iii) , and (iv)
B) both (i) and (iii)
C) both (i) and (ii)
D) (i) , (ii) , (iii) and (iv)