The Primary Difference Between a Public and Closely Held Corporation

The primary difference between a public and closely held corporation results in which of the following?

A) Closely held corporations tend to be larger and more profitable.
B) Publicly traded corporations must abide by the disclosure rules of the securities act in their jurisdiction.
C) Closely held corporations have less liability issues to worry about.
D) Closely held corporations are more attractive to investors.
E) None of the answers apply.