Should the only bookstore in the Bronx, or any other city, be considered a monopoly? A. No, The Lit. Bar bookstore would be considered a monopoly only if it were located in a small town, and the Bronx has a population of about 1.5 million. B. Yes, according to the narrow definition of the term, since The Lit. Bar bookstore is the only supplier of books in the Bronx, it would be considered a monopoly. C. No, in the narrow definition of the term, The Lit. Bar bookstore would be considered a monopoly only if it had no close substitutes. D. Yes, since The Lit. Bar bookstore is the only bookstore in the Bronx, barriers to entering the market must be high enough to keep out competing bookstores