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Question 6 Which of the following statements is least likely correct? A market has depth if there are a large number of buyers and sellers.
Question 6 Which of the following statements is least likely correct? A market has depth if there are a large number of buyers and sellers. Price continuity implies that asset prices remain consistent from one transaction to another in the absence of new information. Liquidity implies that assets can be converted to cash quickly and easily at or close to their market value. A market is externally efficient if transaction costs are a fair reflection of actual costs
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