Market imperfections do not necessarily imply that national securities markets are inefficient.

Name: Market imperfections do not necessarily imply that national securities markets are inefficient.
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Question

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While market imperfections may create inefficiencies in certain aspects of national securities markets, they do not necessarily imply that the markets are entirely inefficient. In fact, most securities markets are considered to be relatively efficient overall, despite some limitations or imperfections.

Market Imperfections Do Not Necessarily Imply That National Securities Markets