In evaluating the pros and cons of corporate risk management, "market imperfections" refer to
A.
information asymmetry, differential transaction costs, default costs, and progressive corporate taxes.
B.
leading and lagging, receivables and payables, and diversification costs.
C.
economic costs, noneconomic costs, arbitrage costs, and hedging costs.
D.
management costs, corporate costs, liquidity costs, and trading costs.