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A free market professor (someone who believes totally in free markets) says in an argument that the market may not be short-term efficient, but it

A free market professor (someone who believes totally in free markets) says in an argument that the market may not be short-term efficient, but it is long-term efficient. What would you say to counter that argument I.e. if the market is short-term inefficient then it is long-term inefficient.

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