Based on arguments made by Friedman and Fama, which of the following requirements must be fulfilled for noise traders to affect markets in equilibrium? Select all that apply. Noise traders must be able to survive economically for a significant period of time All traders must be risk averse Technical trading must be profitable at least some of the time Noise trader behavior must be systematic

Based on arguments made by Friedman and Fama, which of the following requirements must be fulfilled for noise traders to affect markets in equilibrium? Select all that apply. Noise traders must be able to survive economically for a significant period of time All traders must be risk averse Technical trading must be profitable at least some of the time Noise trader behavior must be systematic

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter18: Auctions

Section: Chapter Questions

Problem 18.2IP

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Given the demand nda supply functions for three inter-dependent commodities QD1 = 45-2P1 + 2P2 -2P3 QD2 = 16+2P1+P2+2P3 QD3 = 30- P1+2P2-P3 and QS1 = -5+2P1 QS2 = -4 + 2P2 QS3 = -5 + P3 respectively. Find the equilibrium prices and quantities of this three - commodity market model.
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		Noise traders must be able to survive economically for a significant period of time
		All traders must be risk averse
		Technical trading must be profitable at least some of the time
		Noise trader behavior must be systematic