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Previous Question Question 2 of 4 Next Question A college has set up a prediction market where its students can place bets on various future

Previous Question Question 2 of 4 Next Question A college has set up a prediction market where its students can place "bets" on various future events. One security traded in this market will pay the owner $100 if Brazil wins the World Cup. In June, the price of this security was $40. This means: that none of the students trading in the market believe Brazil will win. that, on average, the students do not believe Brazil is the most likely country to win. that each of the students trading in the market believes Brazil has a 40% chance of winning. that based on this prediction market, Brazil has a 40% chance of winning

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