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12. (6 points, 2*3) Real estate market inefficiency: a. Briefly describe 5 factors that cause the stock market to be more efficient than the real

12. (6 points, 2*3) Real estate market inefficiency: a. Briefly describe 5 factors that cause the stock market to be more efficient than the real estate market. b. Can investors make money in an efficient market? Briefly explain. c. Do educated and informed investors rather operate in an efficient or inefficient market? Briefly explain.

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