Using a Broad Definition, a Firm Would Have a Monopoly

Multiple Choice

Using a broad definition, a firm would have a monopoly if

A) it produced a product that has no close substitutes.
B) it does not have to collude with any other producer to earn an economic profit.
C) there is no other firm selling a substitute for its product close enough that its economic profits are competed away in the long run.
D) it can make decisions regarding price and output without violating antitrust laws.