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What theory of government argued that power is held by a small group of people?

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elite theorists is the correct answer

User Llm
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Answer: Elite theory

Step-by-step explanation: Hi,The Elite theory in political science, is a theoretical perspective according to which a community’s affairs are best handled by a small subset of its members and in modern societies; such an arrangement is in fact inevitable.

Elite theory's origins lie most clearly in the writings of Gaetano Mosca (1858–1941), Vilfredo Pareto (1848–1923), Robert Michels (1876–1936), and MaxWeber (1864–1920).

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