Multiple Choice
Which of the following is an implication of market efficiency?
A) Resources are allocated among firms that put them to the best use.
B) No investor will do better than the S&P 500 in any time period.
C) No investor will do better than the S&P 500 consistently after adjusting for risk.
D) No investor will do better than the S&P 500 consistently after adjusting for risk and transactions costs.
Correct Answer:

Verified
Correct Answer:
Verified
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