NO.PZ2019093001000017
问题如下：
A return distribution of skilled managers that is highly distinct from the return distribution of unskilled managers, most likely implies a:
选项：
A.highly efficient market.
low opportunity cost of not hiring a skilled manager.
high opportunity cost of not hiring a skilled manager.
解释：
C is correct.
When the two distributions are highly distinct, the unskilled managers are expected to significantly underperform the skilled managers, implying a high opportunity cost of not hiring the skilled managers. Efficient markets are likely to exhibit smaller differences of returns between skilled and unskilled managers.
如题
