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Market efficiency requires: a. all investors are rational all the time. b. all investors are rational in the short term. c. all investors are rational

Market efficiency requires:

a. all investors are rational all the time.

b. all investors are rational in the short term.

c. all investors are rational in the long term.

d. all investors are irrational in the short term.

e. many investors are rational at any point in time.

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