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Market informational efficiency is: A. the eradication of the principal-agent problem through information sharing. B. achieved when no market participants whether possessing inside information or

Market informational efficiency is:

A. the eradication of the principal-agent problem through information sharing.

B. achieved when no market participants whether possessing inside information or not, can systematically outperform the market.

C. regulated in the UK by the FCA.

D. refuted in its weak form by the success of momentum strategies which have been proven to work over long-term horizons.

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