Which of the Following Statements About the Merger Movement of the Late

Which of the following statements about the Merger Movement of the late nineteenth century is most accurate?

A) Investment bankers played an insignificant role in the mergers that created enormous new corporations.
B) The merger movement resulted partly from economic weaknesses, partly in response to the threat of vicious competition among reviving manufacturing companies.
C) Andrew Carnegie successfully fought off J.P. Morgan's hostile bid on this United States Steel Corporation.
D) In their organization of mergers, J.P. Morgan and other investment bankers were looking for short term gains at the cost of long-term stability.