14. (Market efficiency trading on inside information) The CEO of Monkey Business Corporation (MBC) and his nephew

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14. (Market efficiency— trading on inside information) The CEO of Monkey Business Corporation (MBC) and his nephew were arrested after it was found out that the nephew bought $1,000,000 worth of MBC stocks shortly before the price of the stocks jumped by 45%. Assuming that the allegations are true, what type of market efficiency does the above contradict?

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