The anomalies literature
A) provides a conclusive rejection of market efficiency.
B) provides conclusive support of market efficiency.
C) suggests that several strategies would have provided superior returns.
D) provides a conclusive rejection of market efficiency and suggests that several strategies would have provided superior returns.
E) None of the options are correct.

Question

Quizplus · Accepted Answer

The anomalies literature suggests that there are several strategies that could have provided superior returns, which implies that markets are not always perfectly efficient. This does not conclusively reject market efficiency but highlights exceptions or anomalies.

The Anomalies Literature