In an Efficient Market,it Is Not Possible (Except by Chance)to

question 12

True/False

In an efficient market,it is not possible (except by chance)to employ trading strategies that generate excess profits over the long-term.

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Definitions:

Private Firms

Businesses that are owned by individuals or groups of individuals and are not controlled or operated by the government.

Public Good

A public good is a commodity or service that is made available to all members of a society, typically by the government, and is characterized by non-excludability and non-rivalry in consumption.

Nontaxpayers

Individuals or entities that do not contribute to tax revenues, either because of low income, exemptions, or evasion.

Economic Incentive

A financial or non-financial reward used to motivate individuals or entities to pursue particular actions that align with economic goals or policies.