Which of the following is not true for Economic Moats?

A.Factors affecting economic moats include:Low-cost producers, high switching costs, network effect, or intangible assets.

B.Economic moats refer to the long-term competitive advantage that allows a company to earn oversized profits over time.

C.Economic moats include the following factors:political, economic, social/cultural, technology, environmental and legal impact.

D.Economic moats are either "wide", "narrow" or "none".