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What's implied in M&M theory? Theories can't have implication 2. Bad project choices would also be instantly eliminated and are thus never observed 1. Bad

What's implied in M&M theory?

Theories can't have implication

2. Bad project choices would also be instantly eliminated and are thus never observed

1. Bad capital structures would be instantly eliminated and are thus never observed

Neither 1 nor 2

Both 1 and 2

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