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Which of these are reasons why people do not accept the efficient market hypothesis? I. Optical illusions II. Normal profits III. Earnings surprises IV. Market

Which of these are reasons why people do not accept the efficient market hypothesis? I. Optical illusions II. Normal profits III. Earnings surprises IV. Market bubbles

A. II and IV only

B. I, II, and IV only

C. I and III only

D. I, III, and IV only

E. III and IV only

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