e is the identity of $*$ if $e^{*} a=a$
$\mathrm{A}$
From the Venn diagram,
$\begin{array}{l}
A * X=A \cap X=A \\
X * A=X \cap A=A
\end{array}$
$\Rightarrow \mathrm{X}$ is the identity element for binary operation *
Let $B$ be the invertible element
$\begin{array}{l}
\Rightarrow \mathrm{A}^{*} \mathrm{~B}=\mathrm{X} \\
\Rightarrow \mathrm{A} \cap \mathrm{B}=\mathrm{X}
\end{array}$
This is only possible if $A=B=X$
Thus $X$ is the only invertible element in $P(X)$