You are excited about an investment opportunity in Dow Chemical, a multinational chemical corporation, because it is undervalued relative to peers. Which of the following companies should you short to better capture the potential outperformance of Dow?

Bayer, a multinational chemical and pharmaceutical company

British Airways, an airline

Consolidated Edison, a power company supplying electricity to the New York City region

Not any one particular company you would want to buy the entire market, to gain the advantages of diversification