4. Given the concepts of creating a market where adverse selection and uninformed traders are present, what

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4. Given the concepts of creating a market where adverse selection and uninformed traders are present, what is the most important consequence derived from that interaction? Uninformed traders will always lose to informed traders regardless of whether they trade with limit or market orders. In both cases, they suffer the effects of adverse selection; therefore, they should not trade. Both Cases

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4. Given the concepts of creating a market where adverse selection and uninformed traders are present, what

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