In What Way(s) May TNCs Have a Competitive Advantage Over

In what way(s) may TNCs have a competitive advantage over national firms?

A) TNCs can manipulate transfer prices on goods and services traded among branches of the firm in different countries.
B) TNCs can reduce their foreign exchange risk by spreading their production and marketing operations across countries to balance expenses and revenue in each currency.
C) TNCs may be able to finance their investments at more favorable rates because they offer the purchaser of their stock and bonds a more diversified risk.
D) All of the above.
E) None of the above.