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[单选题]

Under what financial market conditions can active portfolio management outperform a passive index tracking strategy consistently over time? Active management:

A.Cannot outperform a passive strategy if markets are weak-form efficient.

B.Can outperform a passive strategy if markets are weak-form efficient but not semi strong-form efficient.

C.Can outperform a passive strategy if markets are semi strong-form efficient but not strong-form efficient.

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