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GMAT Sentence Correction (SC) | Making things even more difficult has been general market inactivity l

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Making things even more difficulthas been general market inactivity lately, if not paralysis, which has provided little in the way of pricing guidance.

A) has been general market inactivity lately, if not paralysis, which has provided- "which" refers to paralysis + "has been" is not required I believe because it says "lately"
B) there is general market inactivity, if not paralysis, lately it has provided - complete mess, "it" refers to what is not clear
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