Investors cannot affect prices by their individual trades. This means that there are many investors, each with
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Investors cannot affect prices by their individual trades. This means that there are many investors, each with an endowment of wealth that is small compared with the total endowment of all investors. This assumption is analogous to the perfect competition assumption of microeconomics.
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Essentials Of Investments
ISBN: 9780697789945
8th Edition
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
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