Which of the Following Statements Is FALSE

Which of the following statements is FALSE?

A) Rather than relying on the efficiency of a single portfolio (such as the market) ,multifactor models rely on the weaker condition that an efficient portfolio can be constructed from a collection of well-diversified portfolios or factors.
B) A positive alpha in a single-factor model means that the portfolios that implement the trading strategy capture risk that is not captured by the market portfolio.
C) Multifactor models have a distinct advantage over single-factor models in that it is much easier to identify a collection of portfolios that captures systematic risk than just a single portfolio.
D) Trading strategies based on market capitalization,book-to-market ratios,and momentum have been developed that appear to have zero alphas.