Which of the Following Is Not a Reasonable Argument for the Increase

Multiple Choice

Which of the following is not a reasonable argument for the increase in the number of banks that can compete in security underwriting activities?

A) Small firms gain increased access to the capital markets.
B) Lower commission and fee expense for firms issuing securities.
C) Issuing firms realize an increase in the degree of underpricing of new issues.
D) The market for securities underwriting will see a decline in market concentration.
E) More competition will increase the new issue proceeds to the issuing firm.