Question: True or False: One implication of the Geometric Random Walk model is that no market participant can make any economic profit. Explain your answer in

True or False: One implication of the Geometric Random Walk model is that no market participant can make any economic profit.

Explain your answer in detail using equations and graphs:

if it is True -- explain why this is true using equations and graphs;

if it is False -- show that the market participants can make any economic profit in the model using equations and graphs.

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