In which of the following cases will the agency problem between shareholders and managers be the greatest?

Question $2$ options:

A$)100\%$ of the common stock is owned by the founder of the company who decided to retire and hired a manager to run his business for him.

B$)$ The Johnson family owns $50\%$ of the common stock of the company. The other $50\%$ is owned by $5$ mutual funds.

C$)$ The common stock of the company is owned by many diverse shareholders, with no shareholder owning more than $1\%$ of the outstanding stock.

D$)$ All top managers in the company own significant amounts of stock and stock options.

Question $1$ options:

A$)$ profit maximization

B$)$ risk minimization

C$)$ maximization of the total market value of the firm's common stock

D$)$ none of the above