2) Systematic risk is also referred to as A. market risk or nondiversifiable risk. B. market risk or diversifiable risk. C. unique risk or nondiversifiable risk. D. unique risk or diversifiable risk E. None of the options are correct. Market, systematic, and nondiversifiable risk are synonyms referring to the risk that cannot be eliminated from the portfolio. Diversifiable, unique, nonsystematic, and firm-specific risks are synonyms referring to the risk that can be eliminated from the portfolio by diversification