a. Most markets, including those for labor, commodities, and real estate, allow insider trading activity. Transactions in
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a. Most markets, including those for labor, commodities, and real estate, allow insider trading activity. Transactions in these markets are routinely based on unequally distributed information. Why should insider trading be common and legal in these markets?
b. Discussion in Section 13.2 focused on the damage to markets done by insider trading. Prepare an argument to justify legalize the practice of insider trading.
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