Answer: a. ownership is widely dispersed
Explanation:
When ownership of a company is widely dispersed, it means that there are few major holders of stock and no majority shareholder.
This can lead to more instances of the Agency problem ( managers acting for their own welfare instead of that of the shareholders) as there will be fewer people able to call the managers to book unilaterally. The managers will therefore feel more empowered to do as they please.
