Which of the Following Scenarios Best Represents a Monopoly Situation

Multiple Choice

Which of the following scenarios 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) Bill owns the only grocery store in a small community that lies 200 miles from the nearest city
C) Tom owns a fishing tackle shop in Miami, Florida, in which he sells all the top-of-the-line fishing equipment
D) none of the above adequately represent a monopoly