What are the only conditions under which the market portfolio might not be an efficient portfolio?
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Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...
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The market portfolio can be inefficient so it is possible to beat the market only if a s...View the full answer
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