Which of the Following Statements Does $\underline{not}$ Apply to the Market Model?
A)It Is a Simpler Approach

Which of the following statements does $\underline{not}$ apply to the market model?

A) It is a simpler approach than the standard version of the capital asset pricing model.
B) This approach is seldom used in accounting research.
C) In this model, the risk-free return is dropped from the equation.
D) Abnormal returns are captured in the error term of the model.