Assume that the efficient market hypothesis holds. Marcos has been recently hired by a brokerage firm and

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Assume that the efficient market hypothesis holds. Marcos has been recently hired by a brokerage firm and claims that he now has access to the best market information. However, he is the “new guy,” and no one at the firm tells him much about the business. Would you expect Marcos’s clients to be better or worse off than the rest of the firm’s clients?

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