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Which of the following is NOT a difficulty associated with the market system and the objective of maximising shareholder wealth? 1. The market may not

Which of the following is NOT a difficulty associated with the market system and the objective of maximising shareholder wealth?

1.

The market may not be well-informed

2.

Shareholders cannot perfectly monitor the actions of management

3.

The markets may behave irrationally

4.

There may be market imperfections

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