When an investment is termed a zero-sum game,the collective wealth of all investors remains the same if transaction costs are ignored.

Name: When an investment is termed a zero-sum game,the collective wealth of all investors remains the same if transaction costs are ignored.
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In a zero-sum game, one investor's gain is another investor's loss, so the collective wealth remains the same. However, transaction costs can affect the overall wealth of the investors.

When an Investment Is Termed a Zero-Sum Game,the Collective Wealth