Economists frequently assume that financial markets satisfy a "no-arbitrage" condition. If one investment is much more profitable than another, people will buy that profitable investment until its price rises (or return falls) and it is no longer super-profitable. Is this a realistic assumption? Why or why not?

Win goods inc. is a large multinational conglomerate. as a single business unit, the company's stock price is estimated to be $200. however, by adding the actual market stock prices of each of its individual business units, the stock price of the company as one unit would be $300. what is win goods experiencing in this scenario? a. diversification discount b. learning-curveeffects c. experience-curveeffects d. economies of scale