Multiple Choice
The term "independent deviations from rationality" implies that:
A) irrational investors are absent from an efficient market.
B) arbitrage traders act independent of each other.
C) markets must be inefficient.
D) irrational investors behave differently from one another.
E) arbitrage traders act together to offset the actions of rational investors.
Correct Answer:
Verified
Correct Answer:
Verified
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