Some people argue that the efficient market hypothesis, Finance Basics

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Some people argue that the efficient market hypothesis

Question: Some people argue that the efficient market hypothesis cannot explain the 1987 market crash or the high price-to-earnings ratio of Internet stocks during late 2008. What alternative hypothesis is currently used for these two phenomena? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: Some people argue that the efficient market hypothesis

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