The basis for efficient markets includes all of the following EXCEPT:
A) A small number of well-informed investors who collude to set fair prices.
B) Many investors attempting to maximize their returns from investing.
C) Immediate reactions by investors to pertinent new information.
D) Investors benefitting by obtaining important new information first.
E) Investors constantly seeking better investment opportunities.
A
Business
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A. moral intensity B. trust propensity C. propriety D. trustworthiness E. ability
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Net sales is equal to total sales revenue plus sales returns and allowances and sales discounts
Indicate whether the statement is true or false
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