For a given country, which conditions will favor the formation of conglomerates?

a. Limited financial markets, poor investor protection, and difficulty accessing international capital market

b. Poor investor protection, difficulty accessing international capital markets, and limited and transparent government

c. Limited financial markets, difficulty accessing international capital markets, and limited and transparent government

d. Limited financial markets and poor investor protection

What are some of the advantages of market-based systems?

a. Successful in developing new industries, more reliant on transparent financial reporting, and more diverse as sources of corporate financing

b. Successful in developing new industries, more effective in shrinking capital in declining industries, and more reliant on transparent financial reporting

c. More effective in shrinking capital in declining industries, more reliant on transparent financial reporting, and more diverse as sources of corporate financing

d. Successful in developing new industries, more effective in shrinking capital in declining industries, and more diverse as sources of corporate financing