Which of the Following Is a Valid Criticism of the Economics-Based

Which of the following is a valid criticism of the economics-based rationality argument that asserts that credible information will be supplied in the absence of regulation,by aligning management's self-interest with that of the owners and lenders,thereby reducing the cost of capital?

A) The arguments do not follow logically.
B) The arguments do not have historical support.
C) The assumptions of management self-interest is too pessimistic.
D) The argument has no empirical support.