Reported profits often are surprisingly high in a recession, when economic growth is low. The best explanation for this is:

A.Corporations raise prices in bad times to make up for lost sales, leading to high profits.

B.Corporate losses in bad times are used as write-offs, allowing corporations to avoid taxes and thus have high profits.

C.Annual profits are a one year snapshot, and when new corporate investment is low, there is not enough depreciation on new projects to offset profits on old projects.

D.All of the above are equally likely explanations.