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1. Which of the following statements regarding the efficient market hypothesis (EMH) is incorrect?             A)...

1. Which of the following statements regarding the efficient market hypothesis (EMH) is incorrect?

            A) An efficient market is a perfect market where you cannot make large profits.

B) If the market is efficient in its strong form, it reflects all available, public and

       private, information.

The semi-strong form efficiency means that market prices reflect all publicly

available information.

A market that only reflects the past price and volume information is a weak-form

efficient market.

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