The common way of expressing the efficient market concept is
A) "the only true market is a profitable market."
B) "there's no such thing as a free lunch."
C) "only without government interference can a market survive."
D) "once an efficient market, always an efficient market."

Question

Quizplus · Accepted Answer

The phrase "there's no such thing as a free lunch" encapsulates the idea that in an efficient market, all available information is already reflected in asset prices, meaning one cannot consistently achieve higher returns without taking on additional risk. This concept suggests that profit opportunities are quickly exploited and eliminated, making it impossible to gain something for nothing.

The Common Way of Expressing the Efficient Market Concept Is