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Which of the following arguments supports the efficient market hypothesis? a. Arbitrage may involve too much risk to offset irrational behavior b. Irrationalities are countervailing

Which of the following arguments supports the efficient market hypothesis?

a. Arbitrage may involve too much risk to offset irrational behavior

b. Irrationalities are countervailing

c. Irrationality may be related across investors

d. Investors may be irrational

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