Which of the following is not true for Economic Moats?

	A.	Economic moats include the following factors: political, economic, social/cultural, technology, environmental and legal impact.
	B.	Economic moats are either "wide", "narrow" or "none".
	C.	Factors affecting economic moats include: Low-cost producers, high switching costs, network effect, or intangible assets.
	D.	Economic moats refer to the long-term competitive advantage that allows a company to earn oversized profits over time.