According to the textbook,individual incentives have led to:
A)the optimal number of stock market analysts because it is a competitive market with no entry barriers.
B)too many stock market analysts because market analysis does not produce social benefits.
C)too many stock market analysts because the individual incentive to forecast faster exceeds the social benefit of a faster forecast.
D)too few stock market analysts because the efficient market hypothesis predicts that no analyst will do better than random chance in the long run.

Question

Quizplus · Accepted Answer

Increased speed of forecasting stock prices provides little benefit to society,but self-interest encourages people to become analysts.

According to the Textbook,individual Incentives Have Led To