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This is an efficient markets question. 1.What are the characteristics of an economically efficient market and why do we usually prefer them over other markets?

This is an efficient markets question.

1.What are the characteristics of an economically efficient market and why do we usually prefer them over other markets?

2.How efficient is the market for used cars?Why?

3.What about the markets for boyfriends and girlfriends?Why?

4.What can buyers and sellers do to improve their results when they are involved in a less efficient market?

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