The Free-Rider Problem,when Referring to Monitoring of the Firms' Performance,often

Multiple Choice

The free-rider problem,when referring to monitoring of the firms' performance,often results in:
I.ineffective monitoring by the shareholders;
II.monitoring being delegated by shareholders to boards of directors;
III.no monitoring by a large number of small individual investors

A) I only
B) II only
C) III only
D) I,II,and III