According to the Textbook,individual Incentives Have Led To

Multiple Choice

According to the textbook,individual incentives have led to:

A) the optimal number of stock market analysts because it is a competitive market with no entry barriers.
B) too many stock market analysts because market analysis does not produce social benefits.
C) too many stock market analysts because the individual incentive to forecast faster exceeds the social benefit of a faster forecast.
D) too few stock market analysts because the efficient market hypothesis predicts that no analyst will do better than random chance in the long run.