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During the Tuskegee Syphilis Study, researchers never told the participants they had syphilis, nor did they treat any participants for their illness. In this example, the researchers ignored the cost of:
Well-Organized Markets
Financial markets that are structured in a manner to ensure transparency, fair trading practices, and efficiency.
Semi-Strong Efficiency
A form of market efficiency where asset prices fully reflect all publicly available information.
Public Information
Data or knowledge that is available to the general public, not restricted by confidentiality or privacy laws.
Market Prices
Market prices are the current prices at which goods, services, or financial assets can be bought or sold in a marketplace.
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