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Efficient Market Exercise
Jenny Liar, the famed analyst, was informed, at a luncheon date with her husband General (US army retired) Bull Liar, that the General's company Wekillum Inc. was about to receive a ten billion dollar war goods contract from the pentagon. When Jenny returned to her office, she immediately contacted her "A" list clients and told them to buy Wekillum. The company's stock soared in afternoon trading. Carefully assess the efficiency of the market.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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