Malfeasance at Enron, a Houston-based energy firm, led to overstatement of revenues by almost $92 billion. As Enron closed its operations, U.S. energy prices remained stable. This may have been evidence that
A. there was lack of any competition, so Enron was the winner.
B. Enron could charge whatever price it wanted to for energy.
C. the accounting profession needs to review its policies quickly.
D. there is a competitive market in energy distribution in the United States.
Answer: D
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