That only large, well$-$established corporations have access to securities markets

Question $18$Select one:

A$.$

explains why newer and smaller corporations rely so heavily on the new issues market for funds.

B$.$

can be explained by government regulations that prohibit small firms from acquiring funds in securities markets.

C$.$

can be explained by the problem of moral hazard.

D$.$

explains why indirect finance is such an important source of external funds for businesses.

Clear my choice