Answer:
D.
Step-by-step explanation:
Third-party, also known as minor party, is one of the political party in the United States. The third-party stands in oppose with other two major political party of the United States, that is, the Republicans and the Democrats.
The effect that a third-party candidates can have on presidential election is that they can change the outcome of the elections. Considering the example of Presidential election of 1912, when President Theodore Roosevelt opted to go for presidential elections and formed his own party named 'the Bull Moose Party.' This third-party candidancy changed the outcome of the elections.
Therefore, correct answer is option D.