What Is the Concept Underlying the Term "Market for Corporate

What is the concept underlying the term "market for corporate control"?

A) Threat of takeover leads managers to adopt short term profit objectives rather than long-term development of shareholder wealth.
B) Management talent is a scare resource that can be extended through strategic acquisitions.
C) Competition by management teams for control of corporations deflects managers from their primary tasks of maximizing shareholder wealth.
D) Shareholders may resist beneficial mergers because of fears of diluting their control of a corporation.
E) Weak management teams will be eliminated through merger and acquisition and this activity helps to ensure maximum corporate profitability.