A prediction market has been formed through which participants can bet with each other on the outcomes of the World Cup. One security in this market is priced at $30. This security gives its owner the right to $100 if Country A wins the World Cup and $0 otherwise.

Which of the following is true?

Every participant believes that Country A has less than a 50% chance to win.

Most participants believe that Country A has less than a 50% chance to win.

A person who believes that Country A has a 25% chance of winning should buy the security for $30.

On average, the participants in this prediction market think Country A has a 30% chance to win.