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The perfect capital market assumption.Why do you think (or not) it is useful? Just make our (academic) life easier when putting this on the current

The perfect capital market assumption.Why do you think (or not) it is useful? Just make our (academic) life easier when putting this on the current theory? Instead of learning complicated models or methods used in industry, why should we take time to learn about this impractical and silly assumption? Did you think about it before you learn something in economics?

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