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If a trader examines the earnings report for Tesla and reads than the firm is going to launch a new type of electric vehicle in

If a trader examines the earnings report for Tesla and reads than the firm is going to launch a new type of electric vehicle in the next 2 months and is able to make a profit trading on that news, but is unable to generate a profit using Tesla's historic stock prices as an indicator of future stock prices, then the market is said to be what?

A.

Inefficient

B.

Weak form efficient

C.

Semi-strong form efficient

D.

Strong form efficient

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