[Solved] When Maurice Kendall examined the patterns of stock returns in 1953 he concluded that the stock market was __________. Now, these random price movements are believed to be ________

Q.	When Maurice Kendall examined the patterns of stock returns in 1953 he concluded that the stock market was __________. Now, these random price movements are believed to be _________.
A.	inefficient; the effect of a well-functioning market
B.	efficient; the effect of an inefficient market
C.	inefficient; the effect of an inefficient market
D.	efficient; the effect of a well-functioning market
Answer» A. inefficient; the effect of a well-functioning market

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When Maurice Kendall examined the patterns of stock returns in 1953 he concluded that the stock market was __________. Now, these random price movements are believed to be _________.

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When Maurice Kendall examined the patterns of stock returns in 1953 he concluded that the stock market was __. Now, these random price movements are believed to be _.