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A . Define efficient capital market . How do we know if we haven an efficient capital market? B . Some people say that an

  1. A. Define efficient capital market. How do we know if we haven an efficient capital market?

B. Some people say that an efficient capital market is impossible to have, ever. Why do some say that efficient capital markets are impossible?

C. Define effective capital market. How do we know if we have an effective capital market?

D. How would an effective capital market cause long term sustainable economic growth?

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