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3. a) Recall the EMH you learned in week 3. if everyone in the market believes in resistance levels, why do these beliefs not become

3. a) Recall the EMH you learned in week 3. if everyone in the market believes in resistance levels, why do these beliefs not become self-fulfilling prophecies?
b) With reference to the active versus passive portfolio management, what would happen to the market efficiency if all investors attempted to follow a passive strategy?

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