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(Last Word) What are two main reasons that actively managed funds perform poorly relative to index
funds?
Power Company
A business entity that generates, transmits, and distributes electricity to consumers.
Expected Value
The long-run average value of repetitions of an experiment it represents, often considered as the mean of a probability distribution.
Perfect Information
A situation in game theory or economics where all participants have full and equal knowledge of all relevant aspects.
Candy Store
A retail shop specializing in the sale of candies, sweets, and sometimes other confectionery items.
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