The general arbitrage pricing theory (APT) differs from the single-factor capital asset pricing model (CAPM) because the APT: A. Places more emphasis on market risk. B. Minimizes the importance of...

The general arbitrage pricing theory (APT) differs from the
single-factor capital asset pricing model (CAPM) because the
APT:

A. Places more emphasis on market risk.
B. Minimizes the importance of diversification.
C. Recognizes multiple unsystematic risk factors.
D. Recognizes multiple systematic risk factors.